Plan Ledger DOL Form 5500 · updated monthly

Dennen Steel Corp401(k)

DENNEN STEEL CORP 401K PROFIT- SHARING RETIREMENT SAVINGS PLAN · GRAND RAPIDS, MI · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Dennen Steel Corp reported $4,861 in plan administrative expenses for 2024: 0.14% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,580 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 0.29% to 0.14%. 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 (2,110th of 2,619), and 3,773rd of 4,246 in wholesale trade. In 2024, employees put in $2.91 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,122,579
Participants with balances110
Active participants86
Employer contributions$135,902
Employee contributions$395,827
Employer contribution per active participant$1,580
Average account balance$37,478
Benefits paid to participants$236,042
Plan auditUnmodified (clean) audit opinion
AuditorEHTC
Plan history3
Yearassets · accounts · employer contribution
2024$4.1M · 110 accts · $136K emplr
2023$3.0M · 102 accts · $116K emplr
2022$2.3M · 126 accts · $94K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,861
Total administrative$4,861
The Dennen Steel Corp 401(k) match · 2024
Employer contribution per active participant$1,580
Median for plans this size$1,313
2024$1,580 per active participant
2023$1,419 per active participant
2022$1,115 per active participant

Dennen Steel Corp'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 · 20241
ADP, INC. · Loan processing · Recordkeeping$4,860

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
2023ADP

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

Administrative cost history3
2024$4,861 · 0.14%
2023$4,361 · 0.17%
2022$6,954 · 0.29%
Similar plansWholesale Trade · Michigan
Flat River Group MI$5.1M · 0.48%
Lagrasso Brothers, Inc. MI$4.8M · 0.04%
W.S Townsend Company MI$4.7M · 0.79%
Great Lakes Foods, LLC MI$4.0M · 0.03%
Motor City Fastener, LLC MI$3.8M · 0.45%
Ascion, LLC MI$3.8M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382310693 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.