Plan Ledger DOL Form 5500 · updated monthly

Efg Management Co. Inc.401(k)

EPIC FITNESS GROUP RETIREMENT PLAN · NORTHVILLE, MI · plan year 2024

Reported admin expense ratio · 2024
0.50%

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

Efg Management Co. Inc. reported $17,137 in plan administrative expenses for 2024: 0.50% of average plan assets, below the peer median. Employer contributions averaged $789 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 0.56% to 0.50%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other arts, entertainment & recreation employers. By assets it is among the smaller plans on file in Michigan (2,142nd of 2,619), and 1,004th of 1,311 in arts, entertainment & recreation. In 2024, employees put in $1.27 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,920,931
Participants with balances259
Active participants488
Employer contributions$384,844
Employee contributions$490,483
Employer contribution per active participant$789
Average account balance$15,139
Benefits paid to participants$327,480
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.9M · 259 accts · $385K emplr
2023$2.9M · 244 accts · $362K emplr
2022$2.2M · 228 accts · $335K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,657
Investment management$8,480
Total administrative$17,137
The Efg Management Co. Inc. 401(k) match · 2024
Employer contribution per active participant$789
Median for plans this size$1,313
2024$789 per active participant
2023$745 per active participant
2022$679 per active participant

Efg Management Co. Inc.'s 2024 employer contribution ran below the $1,313 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 · 20243
EPIC RETIREMENT PLAN SERVICES · Recordkeeping · Loan processing$8,657
IRON FINANCIAL · Investment advisory (plan)$8,480

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

Recordkeeper by year2
2024EPIC RPS
2023EPIC RPS

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

Administrative cost history3
2024$17,137 · 0.50%
2023$12,629 · 0.49%
2022$11,330 · 0.56%
Same employer
Similar plansArts, Entertainment & Recreation · Michigan
Walstrom Marine, Inc. MI$5.8M · 0.17%
Productions Plus Inc MI$3.8M · 0.37%
Eventlink, LLC MI$3.6M · 0.02%
Flint Institute of Music MI$2.7M · 0.66%

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Source: U.S. Department of Labor, Form 5500 series, EIN 471429476 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.