Plan Ledger DOL Form 5500 · updated monthly

Chelsea Lumber Company401(k)

CHELSEA LUMBER COMPANY RETIREMENT PROFIT SHARING PLAN · CHELSEA, MI · plan year 2022

Reported admin expense ratio · 2022
0.79%

Chelsea Lumber Company reported $62,261 in plan administrative expenses for 2022: 0.79% of average plan assets, higher than ~75% of peers. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Michigan (1,780th of 2,619), and 3,243rd of 5,215 in retail trade.

Plan summary
Net assets, end of year$7,090,682
Participants with balances84
Active participants118
Employer contributions—
Employee contributions$499,668
Employer contribution per active participant—
Average account balance$84,413
Benefits paid to participants$556,658
Plan auditUnmodified (clean) audit opinion
AuditorDOYLE & ASSOCIATES, PLLC
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$50,986
Investment management$1,473
Total administrative$62,261
What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$62,261 · 0.79%
Similar plansRetail Trade · Michigan
Marsh Automotive Group MI$7.6M · 0.78%
Forward Corporation MI$7.5M · 0.49%
Gorno Ford MI$7.1M · 0.24%
Sundance Chevrolet Inc MI$7.0M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 380415760 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.