Plan Ledger DOL Form 5500 · updated monthly

Gee Papa Enterprises dba Team Wireless401(k)

TEAM WIRELESS 401(K) PLAN · ESCANABA, MI · plan year 2024

Reported admin expense ratio · 2024
0.55%

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

Gee Papa Enterprises dba Team Wireless reported $30,737 in plan administrative expenses for 2024: 0.55% of average plan assets, above the peer median. Employer contributions averaged $3,078 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 fell from 0.73% to 0.55%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Michigan (1,851st of 2,619), and 3,384th of 5,215 in retail trade. In 2024, employees put in $1.32 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,452,620
Participants with balances249
Active participants215
Employer contributions$661,826
Employee contributions$873,584
Employer contribution per active participant$3,078
Average account balance$25,914
Benefits paid to participants$592,284
Plan auditUnmodified (clean) audit opinion
AuditorKERBERROSE SC
Plan history3
Yearassets · accounts · employer contribution
2024$6.5M · 249 accts · $662K emplr
2023$4.8M · 256 accts · $599K emplr
2022$3.2M · 226 accts · $435K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,737
Total administrative$30,737
The Gee Papa Enterprises dba Team Wireless 401(k) match · 2024
Employer contribution per active participant$3,078
Median for plans this size$1,313
2024$3,078 per active participant
2023$2,593 per active participant
2022$2,162 per active participant

Gee Papa Enterprises dba Team Wireless's 2024 employer contribution ran above the $1,313 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 · 20243
HOFF BROTHERS, LLC · Investment advisory (plan)$15,441
NORTHWESTERN WISCONSIN ASSOCIATES · Contract administrator$7,632

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$30,737 · 0.55%
2023$20,913 · 0.52%
2022$22,692 · 0.73%
Same employer
Similar plansRetail Trade · Michigan
Leppink's, Inc. MI$6.7M · 0.71%
Burt Watson Chevrolet Inc MI$6.5M · 0.64%
Taylor Ford, Inc. MI$6.3M · 0.16%
Muskegon Car Credit, Inc. MI$6.3M · 0.64%
Hagopian & Sons, Inc. MI$6.2M · 0.69%
Harding & Hill, Inc. MI$6.2M · 0.53%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383621046 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.