Plan Ledger DOL Form 5500 · updated monthly

Ckl Corporation401(k)

IMPERIAL BEVERAGE COMPANY 401(K) SALARY REDUCTION · KALAMAZOO, MI · plan year 2024

Reported admin expense ratio · 2024
0.54%

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

Ckl Corporation reported $71,101 in plan administrative expenses for 2024: 0.54% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,194 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 3 years on file its reported administrative ratio has held roughly steady near 0.54%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 1,309th-largest of 2,619 plans among Michigan employers on file, and 2,495th of 4,246 in wholesale trade. In 2024, employees put in $1.88 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,760,905
Participants with balances203
Active participants303
Employer contributions$361,631
Employee contributions$678,213
Employer contribution per active participant$1,194
Average account balance$67,788
Benefits paid to participants$1,341,685
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.8M · 203 accts · $362K emplr
2023$12.4M · 208 accts · $350K emplr
2022$10.3M · 205 accts · $336K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,790
Investment management$66,311
Total administrative$71,101
The Ckl Corporation 401(k) match · 2024
Employer contribution per active participant$1,194
Median for plans this size$2,416
2024$1,194 per active participant
2023$1,131 per active participant
2022$1,195 per active participant

Ckl Corporation's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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
GREENLEAF TRUST · Loan processing$71,101

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

Administrative cost history3
2024$71,101 · 0.54%
2023$59,656 · 0.53%
2022$59,642 · 0.53%
Same employer
Similar plansWholesale Trade · Michigan
Paragon Technologies, Inc. MI$15.8M · 0.19%
Atlas Oil Company MI$15.6M · 0.59%
Griffin Beverage Company MI$15.3M · 0.35%
Cgl, Corporation MI$15.1M · 0.22%
Mst Steel Corporation MI$13.3M · 0.01%
J & H Oil Company MI$12.6M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381994427 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.