Plan Ledger DOL Form 5500 · updated monthly

Commonwealth Associates Inc.401(k)

COMMONWEALTH ASSOCIATES INC. 401K PROFIT SHARING PLAN · JACKSON, MI · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Commonwealth Associates Inc. reported $141,798 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $6,525 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 rose from 0.31% to 0.32%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 549th-largest of 2,619 plans among Michigan employers on file, and the 2,924th of 11,654 in professional & technical services. In 2024, employees put in $1.28 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$46,453,610
Participants with balances327
Active participants238
Employer contributions$1,552,872
Employee contributions$1,990,198
Employer contribution per active participant$6,525
Average account balance$142,060
Benefits paid to participants$4,630,455
Plan auditUnmodified (clean) audit opinion
AuditorBSSA
Plan history3
Yearassets · accounts · employer contribution
2024$46.5M · 327 accts · $1.6M emplr
2023$41.0M · 320 accts · $1.8M emplr
2022$34.4M · 311 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,161
Investment management$92,137
Audit (IQPA)$12,500
Total administrative$141,798
The Commonwealth Associates Inc. 401(k) match · 2024
Employer contribution per active participant$6,525
Median for plans this size$2,416
2024$6,525 per active participant
2023$7,910 per active participant
2022$4,862 per active participant

Commonwealth Associates Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20244
JOHN HANCOCK · Recordkeeping · Loan processing$38,324
EDWARD D JONES AND CO · Investment advisory (participants) · Investment advisory (plan)$82,703
BSSA · Accounting / audit$12,500
WILSHIRE ASSOCIATES INCORPORATED · Investment advisory (plan)$8,270

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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Administrative cost history3
2024$141,798 · 0.32%
2023$120,542 · 0.32%
2022$121,004 · 0.31%
Same employer
Similar plansProfessional & Technical Services · Michigan
Bs&A Software MI$51.9M · 0.27%
Yeo & Yeo Employees, Inc. MI$50.3M · 0.22%
Cuanswers, Inc. MI$47.9M · 0.06%
Epitec, Inc. MI$47.0M · 0.10%
Garan Lucow Miller, P.C. MI$46.1M · 0.18%
Koops, Inc. MI$43.6M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382809676 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.