Plan Ledger DOL Form 5500 · updated monthly

Coyne Staffing LLC401(k)

COYNE STAFFING LLC 401(K) PLAN · MOUNT PLEASANT, MI · plan year 2024

Reported admin expense ratio · 2024
0.93%

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

Coyne Staffing LLC reported $57,052 in plan administrative expenses for 2024: 0.93% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,010 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 0.43% to 0.93%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Michigan (1,837th of 2,619), and 3,414th of 4,246 in wholesale trade. In 2024, employees put in $2.53 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,564,607
Participants with balances130
Active participants146
Employer contributions$293,415
Employee contributions$743,746
Employer contribution per active participant$2,010
Average account balance$50,497
Benefits paid to participants$1,100,676
Plan auditUnmodified (clean) audit opinion
AuditorUHY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$6.6M · 130 accts · $293K emplr
2023$5.7M · 123 accts · $284K emplr
2022$3.8M · 112 accts · $290K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$33,352
Investment management$23,700
Total administrative$57,052
The Coyne Staffing LLC 401(k) match · 2024
Employer contribution per active participant$2,010
Median for plans this size$1,313
2024$2,010 per active participant
2023$1,997 per active participant
2022$2,031 per active participant

Coyne Staffing LLC's 2024 employer contribution ran above the $1,313 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 · 20243
ADP, INC. · Loan processing · Recordkeeping$33,352
INDEPENDENT ADVISOR ALLIANCE · Recordkeeping · Pension consulting$23,701
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP, INDEPENDENT ADVISOR ALLIANCE
2023ADP, OLIVER LAGORE VANVALIN INVESTMENT G

This plan has changed recordkeepers within these filings. If you left Coyne Staffing LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$57,052 · 0.93%
2023$12,624 · 0.26%
2022$14,228 · 0.43%
Similar plansWholesale Trade · Michigan
Superior Foods Company MI$7.1M · 0.53%
Merle Boes, Inc MI$7.0M · 0.72%

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Source: U.S. Department of Labor, Form 5500 series, EIN 463587689 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.