What are the fees in the Essium, LLC 401(k) plan?

For plan year 2022, Essium, LLC reported $300 in plan administrative expenses, or 0.07% of average plan assets — lower than ~75% of peers. Fund-level expense ratios are not included in public filings.

What is the average account balance in the Essium, LLC 401(k)?

The average participant account balance was $8,338 for plan year 2022, based on 12 accounts.

Essium, LLC401(k)

Name: Essium, LLC 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

ESSIUM, LLC 401(K) PLAN · SHELBY TOWNSHIP, MI · plan year 2022

Reported admin expense ratio · 2022

0.07%

Essium, LLC reported $300 in plan administrative expenses for 2022: 0.07% of average plan assets, lower than ~75% of peers. 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.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other information & media employers. By assets it is among the smaller plans on file in Michigan (2,605th of 2,619), and 2,188th of 2,199 in information & media.

Plan summary
Net assets, end of year$100,052
Participants with balances12
Active participants23
Employer contributions—
Employee contributions$33,609
Employer contribution per active participant—
Average account balance$8,338
Benefits paid to participants$65,594
Plan auditUnmodified (clean) audit opinion
AuditorFREED MAXICK, CPA'S. P.C.

Administrative expenses, itemized · 2022

Recordkeeping & contract admin$300

Total administrative$300

What these fees cost you

Your balance

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1

2022$300 · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 471807155 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.