Plan Ledger DOL Form 5500 · updated monthly

Fev North America, Inc401(k)

FEV NORTH AMERICA, INC. 401(K) PLAN · AUBURN HILLS, MI · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

Fev North America, Inc reported $203,656 in plan administrative expenses for 2024: 0.25% of average plan assets, higher than ~75% of peers. Employer contributions averaged $5,648 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 0.21% to 0.25%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 339th-largest of 2,619 plans among Michigan employers on file, and the 1,776th of 11,654 in professional & technical services. In 2024, employees put in $2.13 for every $1.00 the employer contributed; active participation has shrunk from 410 to 344 since 2022.

Plan summary
Net assets, end of year$83,570,264
Participants with balances562
Active participants344
Employer contributions$1,942,909
Employee contributions$4,143,151
Employer contribution per active participant$5,648
Average account balance$148,702
Benefits paid to participants$9,290,782
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$83.6M · 562 accts · $1.9M emplr
2023$80.5M · 649 accts · $2.1M emplr
2022$66.1M · 630 accts · $1.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$178,633
Investment management$25,023
Total administrative$203,656
The Fev North America, Inc 401(k) match · 2024
Employer contribution per active participant$5,648
Median for plans this size$3,635
2024$5,648 per active participant
2023$4,967 per active participant
2022$4,670 per active participant

Fev North America, Inc's 2024 employer contribution ran above the $3,635 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$178,633
EXPAND FINANCIAL, LLC · Investment advisory (plan)$25,023
ASSET ALLOCATION STRATEGIES, LLC · Investment advisory (plan)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 history3
2024$203,656 · 0.25%
2023$167,145 · 0.23%
2022$153,664 · 0.21%
Same employer
Similar plansProfessional & Technical Services · Michigan
Arotech MI$89.0M · 0.33%
Plunkett Cooney, P.C. MI$87.2M · 0.22%
Wade Trim Group, Inc. MI$87.0M · 0.16%
Escalent, Inc. MI$80.6M · 0.12%
Altarum Institute MI$79.9M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 942958806 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.