Plan Ledger DOL Form 5500 · updated monthly

Gnutti Carlo USA, Inc.401(k)

GNUTTI CARLO USA, INC. 401(K) RETIREMENT PLAN · WEBBERVILLE, MI · plan year 2023

Reported admin expense ratio · 2023
0.18%

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

Gnutti Carlo USA, Inc. reported $9,541 in plan administrative expenses for 2023: 0.18% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,478 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 0.19% to 0.51%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Michigan (1,925th of 2,619), and 10,805th of 13,661 in manufacturing. In 2023, employees put in $2.99 for every $1.00 the employer contributed; active participation has grown from 129 to 180 since 2022.

Plan summary
Net assets, end of year$5,781,658
Participants with balances204
Active participants180
Employer contributions$266,092
Employee contributions$795,960
Employer contribution per active participant$1,478
Average account balance$28,341
Benefits paid to participants$1,154,553
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.0M · 175 accts · $224K emplr
2023$5.8M · 204 accts · $266K emplr
2022$5.0M · 157 accts · $234K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$9,541
Total administrative$9,541
The Gnutti Carlo USA, Inc. 401(k) match · 2023
Employer contribution per active participant$1,478
Median for plans this size$1,308
2024$1,332 per active participant
2023$1,478 per active participant
2022$1,812 per active participant

Gnutti Carlo USA, Inc.'s 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processingindirect 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$27,497 · 0.51%
2023$9,541 · 0.18%
2022$10,172 · 0.19%
Same employer
Similar plansManufacturing · Michigan
Schwab Industries, Inc. MI$5.9M · 1.40%
Cup Acquisition, LLC MI$5.9M · 0.37%
Portland Products, Inc. MI$5.7M · 0.02%
Ifr, Inc. MI$5.7M · 0.65%

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Source: U.S. Department of Labor, Form 5500 series, EIN 461469504 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.