General Fasteners Company401(k)
EMPLOYEE SAVINGS/PS PLAN OF GENERAL FASTENERS COMPANY · LIVONIA, MI · plan year 2024
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
General Fasteners Company reported $7,913 in plan administrative expenses for 2024: 0.07% of average plan assets, lower than ~75% of peers. Employer contributions averaged $627 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 0.08% to 0.07%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Michigan (1,378th of 2,619), and 2,622nd of 4,246 in wholesale trade. In 2024, employees put in $7.42 for every $1.00 the employer contributed.
General Fasteners Company's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Looking for an account from a past job here? How to find an old 401(k).
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 381850093 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.