Plan Ledger DOL Form 5500 · updated monthly

Client Financial Services of Michigan, LLC401(k)

CLIENT FINANCIAL SERVICES OF MICHIGAN LLC 401(K) PROFIT SHARING PLAN · FENTON, MI · plan year 2024

Reported admin expense ratio · 2024
0.10%

Client Financial Services of Michigan, LLC reported $1,973 in plan administrative expenses for 2024: 0.10% of average plan assets, lower 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.

Across the 2 years on file its reported administrative ratio fell from 0.27% to 0.10%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Michigan (2,345th of 2,619), and 1,908th of 2,534 in administrative & support services.

Plan summary
Net assets, end of year$2,145,180
Participants with balances106
Active participants118
Employer contributions—
Employee contributions$210,247
Employer contribution per active participant—
Average account balance$20,238
Benefits paid to participants$84,909
Plan auditUnmodified (clean) audit opinion
AuditorLEWIS & KNOPF CPAS PC
Plan history3
Yearassets · accounts · employer contribution
2024$2.1M · 106 accts
2023$1.8M · 116 accts · $20K emplr
2022$1.3M · 109 accts · $25K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,973
Total administrative$1,973
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 · 20242
THE BENEFIT ADVANTAGE INC · Contract administrator$2,510
CAPITAL GROUP RETIREMENT PLAN SERVI$1,313

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$1,973 · 0.10%
2023$3,457 · 0.22%
2022$4,040 · 0.27%
Same employer
Similar plansAdministrative & Support Services · Michigan
Tpg Holdings, LLC MI$2.4M · 0.57%
Otterbase, Inc. MI$2.1M · 0.04%
Diag Partners MI$1.9M · 0.52%
Tall Brown Dog, LLC MI$1.8M · 1.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 371517313 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.