Plan Ledger DOL Form 5500 · updated monthly

Eaton Steel Bar CompanyProfit-sharing plan

GOODMAN COMPANIES RETIREMENT PROFIT SHARING PLAN · OAK PARK, MI · plan year 2025

Reported admin expense ratio · 2025
0.37%

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

Eaton Steel Bar Company reported $109,074 in plan administrative expenses for 2025: 0.37% of average plan assets, above the peer median. Employer contributions averaged $6,350 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 3 years on file its reported administrative ratio fell from 0.67% to 0.37%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other manufacturing employers. By assets it is the 778th-largest of 2,619 plans among Michigan employers on file, and the 4,429th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$30,553,021
Participants with balances255
Active participants143
Employer contributions$908,109
Employee contributions—
Employer contribution per active participant$6,350
Average account balance$119,816
Benefits paid to participants$2,888,110
Plan auditUnmodified (clean) audit opinion
AuditorGRANT, MILLMAN & JOHNSON, P.C.
Plan history4
Yearassets · accounts · employer contribution
2025$30.6M · 255 accts · $908K emplr
2024$28.4M · 254 accts · $1.3M emplr
2023$25.0M · 248 accts · $1.2M emplr
2022$24.0M · 244 accts · $1.1M emplr
Administrative expenses, itemized · 2025
Investment management$107,077
Total administrative$109,074
Employer contributions to the Eaton Steel Bar Company plan · 2025
Employer contribution per active participant$6,350
Median for plans this size$2,666
2025$6,350 per active participant
2024$9,096 per active participant
2023$8,590 per active participant
2022$8,514 per active participant

Eaton Steel Bar Company's 2025 employer contribution ran above the $2,666 median for plans its size, placing it in the top 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20252
HACK WEALTH MANAGEMENT$87,061
WAYCREST WEALTH$19,748

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

Administrative cost history4
2025$109,074 · 0.37%
2024$127,233 · 0.48%
2023$137,633 · 0.56%
2022$182,701 · 0.67%
Similar plansManufacturing · Michigan
Fori Automation, LLC. MI$31.1M · 0.04%
Nucraft Furniture Co. MI$30.9M · 0.01%
Pgp Corporation MI$30.7M · 0.17%
The Spiratex Company MI$30.2M · 0.27%
Hilite International MI$30.1M · 0.32%
Flat Rock Metal MI$30.0M · 0.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383274875 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.