Plan Ledger DOL Form 5500 · updated monthly

Domestic Linen Supply & Laundry Co401(k)

DOMESTIC LINEN SUPPLY & LAUNDRY CO. RETIREMENT SAVINGS PLAN · FARMINGTON HILLS, MI · plan year 2023

Reported admin expense ratio · 2023
0.18%

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

Domestic Linen Supply & Laundry Co reported $35,653 in plan administrative expenses for 2023: 0.18% of average plan assets, below the peer median. Employer contributions averaged $1,100 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 0.43% to 0.37%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other other services employers. By assets it is the 1,015th-largest of 2,619 plans among Michigan employers on file, and the 1,032nd of 3,341 in other services. In 2023, employees put in $1.47 for every $1.00 the employer contributed; active participation has grown from 309 to 345 since 2022.

Plan summary
Net assets, end of year$20,688,830
Participants with balances425
Active participants345
Employer contributions$379,395
Employee contributions$559,149
Employer contribution per active participant$1,100
Average account balance$48,680
Benefits paid to participants$1,229,498
Plan auditUnmodified (clean) audit opinion
AuditorSCHLAUPITZ MADHAVAN, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$19.5M · 461 accts · $360K emplr
2023$20.7M · 425 accts · $379K emplr
2022$19.0M · 354 accts · $380K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$35,653
Total administrative$35,653
The Domestic Linen Supply & Laundry Co 401(k) match · 2023
Employer contribution per active participant$1,100
Median for plans this size$2,440
2024$1,034 per active participant
2023$1,100 per active participant
2022$1,230 per active participant

Domestic Linen Supply & Laundry Co's 2023 employer contribution ran below the $2,440 median for plans its size, in the bottom quarter of its peers. 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
NEWPORT GROUP INC · Trustee · Loan processing$35,653

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

Administrative cost history3
2024$74,065 · 0.37%
2023$35,653 · 0.18%
2022$89,387 · 0.43%
Same employer
Similar plansOther Services · Michigan
Detroit Regional Chamber MI$22.6M · 0.27%
Leader Dogs for the Blind MI$18.9M · 0.39%
Gb Sales & Service, Inc. MI$15.1M · 0.09%
Speed Wrench, Inc. MI$13.8M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 380492080 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.