Plan Ledger DOL Form 5500 · updated monthly

Hannahville Indian Community401(k)

HANNAHVILLE INDIAN COMMUNITY 401(K) PLAN · WILSON, MI · plan year 2024

Reported admin expense ratio · 2024
0.57%

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

Hannahville Indian Community reported $119,050 in plan administrative expenses for 2024: 0.57% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,488 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 0.61% to 0.57%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other accommodation & food services employers. By assets it is the 968th-largest of 2,619 plans among Michigan employers on file, and the 275th of 2,240 in accommodation & food services. In 2024, the employer put in $1.32 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$22,112,975
Participants with balances818
Active participants586
Employer contributions$871,992
Employee contributions$662,204
Employer contribution per active participant$1,488
Average account balance$27,033
Benefits paid to participants$1,192,725
Plan auditUnmodified (clean) audit opinion
AuditorANDERSON TACKMAN & CO. PLC
Plan history3
Yearassets · accounts · employer contribution
2024$22.1M · 818 accts · $872K emplr
2023$19.7M · 794 accts · $827K emplr
2022$16.1M · 781 accts · $816K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$119,050
Total administrative$119,050
The Hannahville Indian Community 401(k) match · 2024
Employer contribution per active participant$1,488
Median for plans this size$2,416
2024$1,488 per active participant
2023$1,444 per active participant
2022$1,500 per active participant

Hannahville Indian Community's 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
JOHN HANCOCK LIFE INSURANCE CO. · Recordkeeping · Investment management$7,872
KERBERROSE WEALTH MANAGEMENT · Investment advisory (participants)$28,464

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$119,050 · 0.57%
2023$107,761 · 0.60%
2022$93,007 · 0.61%
Similar plansAccommodation & Food Services · Michigan
Boyne USA, Inc. MI$80.4M · 0.57%
Amway Hotel Corporation MI$52.0M · 0.02%
Patton Wings, Inc. MI$14.0M · 0.63%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382008182 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.