Plan Ledger DOL Form 5500 · updated monthly

Fapco, Inc.401(k)

FAPCO, INC. EMPLOYEES' RETIREMENT PLAN · BUCHANAN, MI · plan year 2023

Reported admin expense ratio · 2023
0.82%

Fapco, Inc. reported $19,638 in plan administrative expenses for 2023: 0.82% of average plan assets, higher 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.

Across the 1 year on file its reported administrative ratio rose from 0.69% to 0.82%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Michigan (2,303rd of 2,619), and 10,693rd of 11,654 in professional & technical services.

Plan summary
Net assets, end of year$2,543,249
Participants with balances95
Active participants143
Employer contributions—
Employee contributions$212,006
Employer contribution per active participant—
Average account balance$26,771
Benefits paid to participants$261,371
Plan auditUnmodified (clean) audit opinion
AuditorUHY LLP
Plan history2
Yearassets · accounts · employer contribution
2023$2.5M · 95 accts
2022$2.3M · 128 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$6,910
Investment management$12,728
Total administrative$19,638
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 · 20231
LINCOLN NATIONAL CORPORATION · Contract administrator$12,729

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$19,638 · 0.82%
2022$17,059 · 0.69%
Same employer
Similar plansProfessional & Technical Services · Michigan
Taplin Holdings, LLC MI$2.8M · 0.61%
Salespad, LLC MI$2.8M · 0.26%
Dp& MI$2.6M · 0.01%
Rle International MI$2.1M · 0.83%

Why are you looking at this plan?

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Source: U.S. Department of Labor, Form 5500 series, EIN 382074943 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.