Plan Ledger DOL Form 5500 · updated monthly

Commoneo, LLC401(k)

COMMONEO 401(K) PLAN · SHELBY TOWNSHIP, MI · plan year 2024

Reported admin expense ratio · 2024
1.89%

Commoneo, LLC reported $31,028 in plan administrative expenses for 2024: 1.89% of average plan assets, higher than ~90% 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 rose from 1.58% to 1.89%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other information & media employers. By assets it is among the smaller plans on file in Michigan (2,412th of 2,619), and 2,112th of 2,199 in information & media. active participation has grown from 722 to 820 since 2022.

Plan summary
Net assets, end of year$1,652,981
Participants with balances187
Active participants820
Employer contributions—
Employee contributions$780,283
Employer contribution per active participant—
Average account balance$8,839
Benefits paid to participants$939,461
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.7M · 187 accts
2023$1.6M · 164 accts
2022$814K · 134 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$31,028
Total administrative$31,028
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
EMPLOYEE FIDUCIARY, LLC · Recordkeeping$31,028

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

Recordkeeper by year2
2024EMPLOYEE FIDUCIARY, LLC
2023EMPLOYEE FIDUCIARY, LLC

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

Administrative cost history3
2024$31,028 · 1.89%
2023$20,877 · 1.71%
2022$12,835 · 1.58%
Similar plansInformation & Media · Michigan
Alliance Mobile MI$4.4M · 0.15%
Marceco, LTD MI$3.8M · 0.30%
Blue Link Wireless, LLC MI$1.9M · 7.21%
B&M Ashman, Inc. MI$1.0M · 1.44%
Essium, LLC MI$100K · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 464033009 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.