Plan Ledger DOL Form 5500 · updated monthly

Chemico LLC401(k)

CHEMICO LLC AND CHEMICO SYSTEMS INC. PROFIT SHARING PLAN AND TRUST · SOUTHFIELD, MI · plan year 2024

Reported admin expense ratio · 2024
0.54%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Chemico LLC reported $42,436 in plan administrative expenses for 2024: 0.54% of average plan assets, above the peer median. Employer contributions averaged $1,802 per active participant. 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.

Across the 2 years on file its reported administrative ratio fell from 0.87% to 0.54%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Michigan (1,647th of 2,619), and 9,408th of 13,661 in manufacturing. In 2024, employees put in $1.89 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,572,868
Participants with balances168
Active participants222
Employer contributions$399,941
Employee contributions$757,133
Employer contribution per active participant$1,802
Average account balance$51,029
Benefits paid to participants$636,983
Plan auditUnmodified (clean) audit opinion
AuditorUHY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$8.6M · 168 accts · $400K emplr
2023$7.0M · 158 accts · $358K emplr
2022$5.7M · 143 accts · $341K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$42,436
Total administrative$42,436
The Chemico LLC 401(k) match · 2024
Employer contribution per active participant$1,802
Median for plans this size$1,313
2024$1,802 per active participant
2023$1,437 per active participant
2022$1,483 per active participant

Chemico LLC's 2024 employer contribution ran above the $1,313 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
NEWPORT GROUP, INC. · Recordkeeping$40,926

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$42,436 · 0.54%
2023$39,480 · 0.62%
2022$52,374 · 0.87%
Same employer
Similar plansManufacturing · Michigan
Linear Motion LLC MI$8.7M · 0.09%
Skyway Precision Inc. MI$8.7M · 0.40%
Bayloff Stamped Products MI$8.7M · 0.47%
Linn Products, Inc. MI$8.7M · 0.42%
Hbpo North America, Inc. MI$8.6M · 0.73%
Safari Circuits, LLC MI$8.5M · 0.32%
Associated Spring US, LLC MI$8.5M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 320127816 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.