Plan Ledger DOL Form 5500 · updated monthly

Extruded Aluminum Corporation401(k)

EAC BARGAINING UNIT 401(K) PLAN · BELDING, MI · plan year 2023

Reported admin expense ratio · 2023
0.94%

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

Extruded Aluminum Corporation reported $17,340 in plan administrative expenses for 2023: 0.94% of average plan assets, higher than ~75% of peers. Employer contributions averaged $460 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 has held roughly steady near 0.94%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Michigan (2,359th of 2,619), and 12,820th of 13,661 in manufacturing. In 2023, employees put in $3.13 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,009,719
Participants with balances97
Active participants98
Employer contributions$45,061
Employee contributions$141,062
Employer contribution per active participant$460
Average account balance$20,719
Benefits paid to participants$76,205
Plan auditUnmodified (clean) audit opinion
AuditorBAKER HOLTZ, P.C.
Plan history2
Yearassets · accounts · employer contribution
2023$2.0M · 97 accts · $45K emplr
2022$1.7M · 103 accts · $49K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$17,340
Total administrative$17,340
The Extruded Aluminum Corporation 401(k) match · 2023
Employer contribution per active participant$460
Median for plans this size$1,308
2023$460 per active participant
2022$484 per active participant

Extruded Aluminum Corporation's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$17,640
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)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 history2
2023$17,340 · 0.94%
2022$17,557 · 0.92%
Same employer
Similar plansManufacturing · Michigan
Avon Machining, LLC MI$2.3M · 1.05%
Tompkins Products Inc. MI$2.1M · 1.28%
Midwest Glass Fabricators MI$2.0M · 0.54%
Trevco, Inc MI$1.9M · 1.71%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383622873 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.