Plan Ledger DOL Form 5500 · updated monthly

H. H. Barnum Company401(k)

H. H. BARNUM COMPANY 401(K) PROFIT SHARING PLAN · BRIGHTON, MI · plan year 2023

Reported admin expense ratio · 2023
0.25%

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

H. H. Barnum Company reported $68,918 in plan administrative expenses for 2023: 0.25% of average plan assets, below the peer median. Employer contributions averaged $3,745 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 1 year on file its reported administrative ratio fell from 0.35% to 0.25%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other wholesale trade employers. By assets it is the 764th-largest of 2,619 plans among Michigan employers on file, and the 1,312th of 4,246 in wholesale trade. In 2023, employees put in $2.27 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$31,170,749
Participants with balances248
Active participants272
Employer contributions$1,018,670
Employee contributions$2,312,925
Employer contribution per active participant$3,745
Average account balance$125,689
Benefits paid to participants$99,586
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history2
Yearassets · accounts · employer contribution
2023$31.2M · 248 accts · $1.0M emplr
2022$23.8M · 198 accts · $200K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$23,196
Investment management$32,099
Audit (IQPA)$13,000
Total administrative$68,918
The H. H. Barnum Company 401(k) match · 2023
Employer contribution per active participant$3,745
Median for plans this size$2,440
2023$3,745 per active participant
2022$778 per active participant

H. H. Barnum Company's 2023 employer contribution ran above the $2,440 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 · 20233
ASCENSUS LLC · Loan processing · Recordkeeping$23,196
MERRILL LYNCH RETIREMENT & BENEFIT · Investment advisory (plan)$33,553
DOEREN MAYHEW & CO., PC · Accounting / audit$13,000

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

Administrative cost history2
2023$68,918 · 0.25%
2022$90,117 · 0.35%
Same employer
Similar plansWholesale Trade · Michigan
Innovation Ventures, LLC MI$32.4M · 0.45%
Harbor Group Incorporated MI$31.9M · 0.30%
S. Abraham & Sons, Inc. MI$31.8M · 0.54%
Hino Motors Sales USA, Inc MI$31.4M · 0.03%
Kmw Group, Inc. MI$31.1M · 0.25%
365 Retail Markets, LLC MI$28.6M · 0.27%
Rowley Brothers, Inc MI$27.2M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381753585 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.