Plan Ledger DOL Form 5500 · updated monthly

Faithful Companion Memorials Inc401(k)

FAITHFUL COMPANION 401K · TROY, MI · plan year 2024

Reported admin expense ratio · 2024
0.46%

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

Faithful Companion Memorials Inc reported $10,855 in plan administrative expenses for 2024: 0.46% of average plan assets, below the peer median. Employer contributions averaged $1,485 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 rose from 0.19% to 0.46%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Michigan (2,285th of 2,619), and 2,717th of 3,341 in other services. In 2024, employees put in $1.48 for every $1.00 the employer contributed; active participation has grown from 152 to 189 since 2022.

Plan summary
Net assets, end of year$2,714,211
Participants with balances304
Active participants189
Employer contributions$280,759
Employee contributions$414,418
Employer contribution per active participant$1,485
Average account balance$8,928
Benefits paid to participants$245,597
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.7M · 304 accts · $281K emplr
2023$2.0M · 250 accts · $235K emplr
2022$1.2M · 173 accts · $188K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,855
Total administrative$10,855
The Faithful Companion Memorials Inc 401(k) match · 2024
Employer contribution per active participant$1,485
Median for plans this size$1,313
2024$1,485 per active participant
2023$1,232 per active participant
2022$1,234 per active participant

Faithful Companion Memorials Inc's 2024 employer contribution ran above 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 · 20244
TRANSAMERICA LIFE INSURANCE COMPANY · Recordkeeping · Loan processing$4,965
ADP, INC. · Loan processing · Recordkeeping$4,179
ERP SOUTHWEST LLC D.B.A. ERP RETIRE · Recordkeeping · Loan processing$1,700
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$10

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

Recordkeeper by year2
2024ADP, ERP SOUTHWEST LLC D.B.A. ERP RETIRE, Transamerica
2023ADP

This plan has changed recordkeepers within these filings. If you left Faithful Companion Memorials Inc before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$10,855 · 0.46%
2023$3,936 · 0.25%
2022$1,983 · 0.19%
Similar plansOther Services · Michigan
Jarc MI$3.2M · 0.03%
Ann Arbor Spark MI$2.8M · 0.59%
Almond Products, Inc. MI$2.7M · 0.49%
Valley City Linen, Inc. MI$2.5M · 0.65%

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Source: U.S. Department of Labor, Form 5500 series, EIN 261689634 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.