Plan Ledger DOL Form 5500 · updated monthly

Eckhart & Assoc., Inc.401(k)

ECKHART & ASSOC., INC. 401(K) PLAN · LANSING, MI · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Eckhart & Assoc., Inc. reported $146,877 in plan administrative expenses for 2024: 0.45% of average plan assets, above the peer median. Employer contributions averaged $3,783 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 0.51% to 0.45%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 631st-largest of 2,619 plans among Michigan employers on file, and the 3,743rd of 13,661 in manufacturing. In 2024, employees put in $1.81 for every $1.00 the employer contributed; active participation has grown from 434 to 496 since 2022.

Plan summary
Net assets, end of year$39,146,531
Participants with balances512
Active participants496
Employer contributions$1,876,366
Employee contributions$3,393,472
Employer contribution per active participant$3,783
Average account balance$76,458
Benefits paid to participants$4,889,630
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$39.1M · 512 accts · $1.9M emplr
2023$25.7M · 449 accts · $1.3M emplr
2022$21.0M · 431 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$146,877
Total administrative$146,877
The Eckhart & Assoc., Inc. 401(k) match · 2024
Employer contribution per active participant$3,783
Median for plans this size$2,416
2024$3,783 per active participant
2023$3,037 per active participant
2022$2,472 per active participant

Eckhart & Assoc., Inc.'s 2024 employer contribution ran above the $2,416 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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$146,877
OHIO NATIONAL INSURANCE AGENCY INC · Other servicesindirect comp
O N EQUITY SALES CO · Other servicesindirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$146,877 · 0.45%
2023$126,397 · 0.54%
2022$113,814 · 0.51%
Same employer
Similar plansManufacturing · Michigan
Maxitrol Company MI$39.7M · 0.23%
Mac Valves, Inc. MI$39.5M · 0.30%
Progressive Surface, Inc. MI$39.5M · 0.10%
Inductoheat, Inc. MI$39.4M · 0.26%
Rexair LLC MI$39.0M · 0.13%
Kenwal Steel Corporation MI$38.9M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 833107759 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.