Plan Ledger DOL Form 5500 · updated monthly

Dayco Incorporated401(k)

DAYCO SAVINGS & RETIREMENT PLAN · BIRMINGHAM, MI · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Dayco Incorporated reported $102,670 in plan administrative expenses for 2024: 0.11% of average plan assets, below the peer median. Employer contributions averaged $4,772 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 fell from 0.13% to 0.11%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 305th-largest of 2,619 plans among Michigan employers on file, and the 1,971st of 13,661 in manufacturing. In 2024, employees put in $1.62 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$95,651,187
Participants with balances990
Active participants325
Employer contributions$1,550,956
Employee contributions$2,508,937
Employer contribution per active participant$4,772
Average account balance$96,617
Benefits paid to participants$14,847,343
Plan auditUnmodified (clean) audit opinion
AuditorBERNARD ROBINSON & CO
Plan history3
Yearassets · accounts · employer contribution
2024$95.7M · 990 accts · $1.6M emplr
2023$93.8M · 1,089 accts · $1.5M emplr
2022$84.7M · 1,116 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$102,009
Total administrative$102,670
The Dayco Incorporated 401(k) match · 2024
Employer contribution per active participant$4,772
Median for plans this size$3,635
2024$4,772 per active participant
2023$4,079 per active participant
2022$4,129 per active participant

Dayco Incorporated's 2024 employer contribution ran above the $3,635 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 · 20242
T ROWE PRICE RPS INC · Recordkeeping · Trustee$102,009
CHARLES SCHWAB & CO., INC. · Securities brokerage$5

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

Recordkeeper by year2
2024T. Rowe Price
2023T. Rowe Price

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

Administrative cost history3
2024$102,670 · 0.11%
2023$95,065 · 0.11%
2022$124,993 · 0.13%
Same employer
Similar plansManufacturing · Michigan
Hanon Systems USA, LLC MI$102.8M · 0.12%
Aludyne Inc MI$99.4M · 0.19%
Irwin Seating Company MI$92.9M · 0.11%
Duro-Last, Inc. MI$92.0M · 0.04%
Michigan Sugar Company MI$91.3M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 231733979 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.