Plan Ledger DOL Form 5500 · updated monthly

Engineered Protection Systems Inc401(k)

ENGINEERED PROTECTION SYSTEMS INC RETIREMENT SAVINGS PLAN · GRAND RAPIDS, MI · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

Engineered Protection Systems Inc reported $76,336 in plan administrative expenses for 2024: 0.43% of average plan assets, above the peer median. Employer contributions averaged $795 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 has held roughly steady near 0.43%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is the 1,076th-largest of 2,619 plans among Michigan employers on file, and the 645th of 2,534 in administrative & support services. In 2024, employees put in $6.02 for every $1.00 the employer contributed; active participation has grown from 212 to 259 since 2022.

Plan summary
Net assets, end of year$18,854,950
Participants with balances323
Active participants259
Employer contributions$206,031
Employee contributions$1,239,960
Employer contribution per active participant$795
Average account balance$58,374
Benefits paid to participants$1,965,947
Plan auditUnmodified (clean) audit opinion
AuditorBRICKLEY DELONG, PC
Plan history3
Yearassets · accounts · employer contribution
2024$18.9M · 323 accts · $206K emplr
2023$16.7M · 302 accts · $184K emplr
2022$14.5M · 297 accts · $173K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$41,212
Investment management$35,124
Total administrative$76,336
The Engineered Protection Systems Inc 401(k) match · 2024
Employer contribution per active participant$795
Median for plans this size$2,416
2024$795 per active participant
2023$826 per active participant
2022$814 per active participant

Engineered Protection Systems Inc's 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$41,212
DS INVESTMENT ADVISORS · Investment advisory (plan)$35,124

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$76,336 · 0.43%
2023$65,281 · 0.42%
2022$67,206 · 0.42%
Same employer
Similar plansAdministrative & Support Services · Michigan
Talascend, LLC MI$18.1M · 0.08%
Bandit Industries, Inc. MI$17.3M · 0.68%
Axtella, LLC MI$16.1M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381844884 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.