Plan Ledger DOL Form 5500 · updated monthly

Denso Air Systems Michigan, Inc.401(k)

DENSO AIR SYSTEMS MICHIGAN INC. RETIREMENT PLAN · HOPKINSVILLE, KY · plan year 2023

Reported admin expense ratio · 2023
1.03%

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

Denso Air Systems Michigan, Inc. reported $74,786 in plan administrative expenses for 2023: 1.03% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,915 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 0.91% to 1.09%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Kentucky (546th of 871), and 9,763rd of 13,661 in manufacturing. In 2023, employees put in $1.67 for every $1.00 the employer contributed; active participation has grown from 171 to 220 since 2022.

Plan summary
Net assets, end of year$7,790,332
Participants with balances285
Active participants220
Employer contributions$421,191
Employee contributions$702,621
Employer contribution per active participant$1,915
Average account balance$27,334
Benefits paid to participants$1,102,521
Plan auditUnmodified (clean) audit opinion
AuditorYEO & YEO
Plan history3
Yearassets · accounts · employer contribution
2024$7.7M · 281 accts · $179K emplr
2023$7.8M · 285 accts · $421K emplr
2022$6.7M · 246 accts · $339K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$39,977
Investment management$34,809
Total administrative$74,786
The Denso Air Systems Michigan, Inc. 401(k) match · 2023
Employer contribution per active participant$1,915
Median for plans this size$1,308
2024$817 per active participant
2023$1,915 per active participant
2022$1,983 per active participant

Denso Air Systems Michigan, Inc.'s 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
MILLIMAN, INC. · Recordkeeping · Loan processing$39,977
CAPTRUST INVESTMENT ADVISORS · Investment advisory (participants) · Investment advisory (plan)$34,809
CHARLES SCHWAB & CO, INC. · Custodial (securities) · Trustee (directed)indirect 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
2024Milliman
2023Milliman

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

Administrative cost history3
2024$84,614 · 1.09%
2023$74,786 · 1.03%
2022$82,591 · 0.91%
Same employer
Similar plansManufacturing · Kentucky
Whitworth Tool, Inc. KY$7.8M · 0.69%
Hausner Hard Chrome, Inc. KY$7.8M · 0.31%
B & H Tool Works, Inc KY$7.6M · 0.03%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 382740199 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.