Plan Ledger DOL Form 5500 · updated monthly

Corium Innovations, Inc.401(k)

CORIUM INNOVATIONS, INC. 401(K) PLAN · GRAND RAPIDS, MI · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Corium Innovations, Inc. reported $33,474 in plan administrative expenses for 2024: 0.19% of average plan assets, below the peer median. Employer contributions averaged $3,103 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 1 year on file its reported administrative ratio rose from 0.12% to 0.19%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,069th-largest of 2,619 plans among Michigan employers on file, and the 6,108th of 13,661 in manufacturing. In 2024, employees put in $2.57 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$19,030,370
Participants with balances155
Active participants169
Employer contributions$524,409
Employee contributions$1,349,121
Employer contribution per active participant$3,103
Average account balance$122,777
Benefits paid to participants$2,126,901
Plan auditUnmodified (clean) audit opinion
AuditorCARON AND BLETZER PLLC
Plan history2
Yearassets · accounts · employer contribution
2024$19.0M · 155 accts · $524K emplr
2023$16.8M · 154 accts · $487K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$33,474
Total administrative$33,474
The Corium Innovations, Inc. 401(k) match · 2024
Employer contribution per active participant$3,103
Median for plans this size$2,416
2024$3,103 per active participant
2023$2,865 per active participant

Corium Innovations, Inc.'s 2024 employer contribution ran above the $2,416 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$33,474

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

Administrative cost history2
2024$33,474 · 0.19%
2023$20,523 · 0.12%
Same employer
Similar plansManufacturing · Michigan
Intra Corporation MI$19.4M · 0.24%
Wall Colmonoy Corporation MI$19.0M · 0.54%
Peterson Farms, Inc. MI$18.9M · 0.44%
Delaco Steel Corporation MI$18.7M · 0.47%
Big Dutchman, Inc MI$18.7M · 0.22%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 883667051 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.