Plan Ledger DOL Form 5500 · updated monthly

Hagopian & Sons, Inc.401(k)

HAGOPIAN & SONS 401(K) PLAN · NOVI, MI · plan year 2024

Reported admin expense ratio · 2024
0.69%

Hagopian & Sons, Inc. reported $41,405 in plan administrative expenses for 2024: 0.69% of average plan assets, above the peer median. 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 0.64% to 0.69%. 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 (1,875th of 2,619), and 3,441st of 5,215 in retail trade.

Plan summary
Net assets, end of year$6,216,841
Participants with balances128
Active participants117
Employer contributions—
Employee contributions$424,573
Employer contribution per active participant—
Average account balance$48,569
Benefits paid to participants$676,808
Plan auditUnmodified (clean) audit opinion
AuditorJANZ & KNIGHT, PLC
Plan history3
Yearassets · accounts · employer contribution
2024$6.2M · 128 accts
2023$5.8M · 137 accts
2022$4.9M · 122 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$41,405
Total administrative$41,405
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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$41,404
SIGMA FINANCIAL CORPORATION · Other servicesindirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect 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$41,405 · 0.69%
2023$35,676 · 0.66%
2022$34,496 · 0.64%
Same employer
Similar plansRetail Trade · Michigan
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%
Harding & Hill, Inc. MI$6.2M · 0.53%
My Auto Imports MI$6.0M · 0.23%
Marshall Music Company MI$5.9M · 0.96%
Ibe Enterprises, LLC MI$5.8M · 0.66%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381573646 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.