Plan Ledger DOL Form 5500 · updated monthly

Federal Screw Works401(k)

FEDERAL SCREW WORKS 401(K) SAVINGS PLAN · ROMULUS, MI · plan year 2024

Reported admin expense ratio · 2024
0.40%

Federal Screw Works reported $55,223 in plan administrative expenses for 2024: 0.40% of average plan assets, above the peer median. 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 0.40%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,281st-largest of 2,619 plans among Michigan employers on file, and 7,280th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$14,334,006
Participants with balances115
Active participants193
Employer contributions—
Employee contributions$709,805
Employer contribution per active participant—
Average account balance$124,644
Benefits paid to participants$1,334,498
Plan auditUnmodified (clean) audit opinion
AuditorCROWE, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$14.3M · 115 accts
2023$13.6M · 123 accts
2022$13.3M · 126 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$33,681
Investment management$17,429
Trustee / custodial$4,113
Total administrative$55,223
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
NEWPORT GROUP, INC. · Recordkeeping$33,456
PNC INSTITUTIONAL ASSET MANAGEMENT · Investment advisory (participants) · Investment advisory (plan)$16,452

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$55,223 · 0.40%
2023$51,540 · 0.38%
2022$53,973 · 0.39%
Same employer
Similar plansManufacturing · Michigan
Harbor Industries, Inc. MI$14.6M · 0.38%
Getman Corporation MI$14.4M · 0.24%
Century, LLC. MI$14.3M · 0.52%
Windsor Mold USA Inc. MI$14.2M · 0.42%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 380533740 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.