Plan Ledger DOL Form 5500 · updated monthly

Garr Tool Company, Inc.401(k)

GARR TOOL CO., INC. EES' P/S SALARY REDUCTION 401(K) PLAN · ALMA, MI · plan year 2025

Reported admin expense ratio · 2025
0.02%

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

Garr Tool Company, Inc. reported $9,600 in plan administrative expenses for 2025: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $9,671 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 3 years on file its reported administrative ratio rose from 0.01% to 0.02%. The plan sits in the $50M–$250M size bracket, benchmarked here against 605 comparable plans and shown alongside other manufacturing employers. By assets it is the 506th-largest of 2,619 plans among Michigan employers on file, and the 3,069th of 13,661 in manufacturing. In 2025, the employer put in $1.23 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$51,858,368
Participants with balances132
Active participants120
Employer contributions$1,160,472
Employee contributions$945,665
Employer contribution per active participant$9,671
Average account balance$392,866
Benefits paid to participants$6,610,254
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$51.9M · 132 accts · $1.2M emplr
2024$49.7M · 129 accts · $1.2M emplr
2023$44.7M · 133 accts · $1.1M emplr
2022$41.1M · 138 accts · $1.1M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$9,600
Total administrative$9,600
The Garr Tool Company, Inc. 401(k) match · 2025
Employer contribution per active participant$9,671
Median for plans this size$4,093
2025$9,671 per active participant
2024$9,631 per active participant
2023$9,480 per active participant
2022$9,133 per active participant

Garr Tool Company, Inc.'s 2025 employer contribution ran above the $4,093 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20251
SENTINEL BENEFITS GROUP, LLC · Recordkeeping$9,600

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

Recordkeeper by year3
2025Sentinel Group
2024Sentinel Group
2023Sentinel Group

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

Administrative cost history4
2025$9,600 · 0.02%
2024$7,350 · 0.02%
2023$5,226 · 0.01%
2022$3,525 · 0.01%
Same employer
Similar plansManufacturing · Michigan
Aees, Inc. MI$53.5M · 0.02%
Oetiker, Inc. MI$52.3M · 0.10%
Ervin Industries, Inc. MI$52.0M · 0.01%
The Paslin Company MI$51.1M · 0.26%
Creative Foam Corporation MI$50.9M · 0.06%
Nyx, Inc. MI$50.8M · 0.32%
Mag Automotive, LLC MI$50.0M · 0.17%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 381658615 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.