Plan Ledger DOL Form 5500 · updated monthly

Detroit Manufacturing Systems, LLC401(k)

DETROIT MANUFACTURING SYSTEMS, LLC SALARIED 401(K) PLAN · DETROIT, MI · plan year 2023

Reported admin expense ratio · 2023
0.07%

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

Detroit Manufacturing Systems, LLC reported $11,492 in plan administrative expenses for 2023: 0.07% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,365 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 0.05% to 0.07%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,156th-largest of 2,619 plans among Michigan employers on file, and the 6,573rd of 13,661 in manufacturing. In 2023, employees put in $1.76 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,994,537
Participants with balances404
Active participants341
Employer contributions$1,147,364
Employee contributions$2,020,402
Employer contribution per active participant$3,365
Average account balance$42,066
Benefits paid to participants$2,386,496
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2023$17.0M · 404 accts · $1.1M emplr
2022$13.7M · 416 accts · $1.4M emplr
2021$13.6M · 392 accts · $787K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$11,492
Total administrative$11,492
The Detroit Manufacturing Systems, LLC 401(k) match · 2023
Employer contribution per active participant$3,365
Median for plans this size$2,440
2023$3,365 per active participant
2022$3,860 per active participant
2021$2,391 per active participant

Detroit Manufacturing Systems, LLC's 2023 employer contribution ran above the $2,440 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 · 20231
MERRILL LYNCH, PIERCE, FENNER AND S · Recordkeeping$11,492

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

Administrative cost history3
2023$11,492 · 0.07%
2022$20,998 · 0.15%
2021$6,433 · 0.05%
All plans at this employer2
DETROIT MANUFACTURING SYSTEMS, LLC SALARIED 401(K) PLAN401(k)
DETROIT MANUFACTURING SYSTEMS, LLC HOURLY 401(K) PLAN401(k)
Same employer
Similar plansManufacturing · Michigan
Balance Technology, Inc. MI$17.1M · 0.36%
Tgw Systems, Inc. MI$17.1M · 0.12%
Mapal Inc. MI$17.0M · 0.25%
Tribus Aerospace Corp. MI$16.9M · 0.46%
Sumida America Inc. MI$16.8M · 0.65%

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Source: U.S. Department of Labor, Form 5500 series, EIN 453810227 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.