Plan Ledger DOL Form 5500 · updated monthly

West Michigan Molding, Inc.401(k)

NON-UNION EMPLOYEES 401(K) PLAN · GRAND HAVEN, MI · plan year 2022

Reported admin expense ratio · 2022
0.21%

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

West Michigan Molding, Inc. reported $297,757 in plan administrative expenses for 2022: 0.21% of average plan assets, above the peer median. Employer contributions averaged $1,993 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.

The plan sits in the $50M–$250M size bracket, benchmarked here against 9,341 comparable plans and shown alongside other manufacturing employers. By assets it is the 198th-largest of 2,619 plans among Michigan employers on file, and the 1,429th of 13,661 in manufacturing. In 2022, employees put in $1.95 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$148,395,207
Participants with balances2,449
Active participants1,313
Employer contributions$2,616,865
Employee contributions$5,100,804
Employer contribution per active participant$1,993
Average account balance$60,594
Benefits paid to participants$29,863,053
Plan auditUnmodified (clean) audit opinion
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$297,757
Total administrative$297,757
The West Michigan Molding, Inc. 401(k) match · 2022
Employer contribution per active participant$1,993
Median for plans this size$3,449

West Michigan Molding, Inc.'s 2022 employer contribution ran below the $3,449 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$297,757 · 0.21%
All plans at this employer2
WEST MICHIGAN MOLDING, INC. 401(K) SAVINGS & PROFIT SHARING PLAN401(k)
NON-UNION EMPLOYEES 401(K) PLAN401(k)
Similar plansManufacturing · Michigan
Tram, Inc. MI$148.7M · 0.04%
Edw. C. Levy Co. MI$148.6M · 0.12%
Brose North America, Inc. MI$146.6M · 0.05%
Megalodon Midco, LLC MI$145.6M · 0.18%
Bissell Inc. MI$144.4M · 0.05%
Realtruck Group, Inc. MI$143.9M · 0.53%

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Source: U.S. Department of Labor, Form 5500 series, EIN 853347814 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.