Plan Ledger DOL Form 5500 · updated monthly

Ford Component Sales, LLC401(k)

FORD COMPONENT SALES, LLC EMPLOYEE SAVINGS PLAN · DEARBORN, MI · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Ford Component Sales, LLC reported $18,550 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $27,770 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 0.01% to 0.04%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other wholesale trade employers. By assets it is the 501st-largest of 2,619 plans among Michigan employers on file, and the 786th of 4,246 in wholesale trade. In 2024, the employer put in $3.48 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$52,038,775
Participants with balances117
Active participants116
Employer contributions$3,221,266
Employee contributions$926,654
Employer contribution per active participant$27,770
Average account balance$444,776
Benefits paid to participants$5,983,192
Plan auditUnmodified (clean) audit opinion
AuditorJANZ & KNIGHT PLC
Plan history3
Yearassets · accounts · employer contribution
2024$52.0M · 117 accts · $3.2M emplr
2023$49.1M · 116 accts · $3.2M emplr
2022$41.4M · 112 accts · $3.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,450
Audit (IQPA)$15,100
Total administrative$18,550
The Ford Component Sales, LLC 401(k) match · 2024
Employer contribution per active participant$27,770
Median for plans this size$3,635
2024$27,770 per active participant
2023$28,684 per active participant
2022$27,672 per active participant

Ford Component Sales, LLC's 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
JANZ & KNIGHT · Accounting / audit$15,100

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

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

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

Administrative cost history3
2024$18,550 · 0.04%
2023$24,096 · 0.05%
2022$3,100 · 0.01%
Same employer
Similar plansWholesale Trade · Michigan
Brembo North America, Inc. MI$63.0M · 0.23%
The Macomb Group, Inc. MI$52.1M · 0.31%
Atonne Group LLC MI$51.9M · 0.38%
Madison Electric Company MI$46.4M · 0.02%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 383384550 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.