Plan Ledger DOL Form 5500 · updated monthly

Hg Detroit Consulting, LLC401(k)

HG DETROIT CONSULT 401(K) PROFIT PLAN & TRUST · NOVI, MI · plan year 2019

Reported admin expense ratio · 2019
0.50%

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

Hg Detroit Consulting, LLC reported $22,309 in plan administrative expenses for 2019: 0.50% of average plan assets, above the peer median. Employer contributions averaged $66 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 0.50% to 0.23%. The plan sits in the $1M–$10M size bracket, benchmarked here against 238 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Michigan (2,003rd of 2,619), and 1,437th of 2,534 in administrative & support services. In 2019, employees put in $59.91 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,993,807
Participants with balances145
Active participants145
Employer contributions$9,632
Employee contributions$577,089
Employer contribution per active participant$66
Average account balance$34,440
Benefits paid to participants$538,188
Plan auditDisclaimer of opinion
AuditorFORVIS LLP
Plan history2
Yearassets · accounts · employer contribution
2020$5.0M · 112 accts · $59K emplr
2019$5.0M · 145 accts · $10K emplr
The Hg Detroit Consulting, LLC 401(k) match · 2019
Employer contribution per active participant$66
Median for plans this size$892
2020$861 per active participant
2019$66 per active participant

Hg Detroit Consulting, LLC's 2019 employer contribution ran below the $892 median for plans its size, in the bottom quarter of its peers. 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 2019 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2020$11,667 · 0.23%
2019$22,309 · 0.50%
Similar plansAdministrative & Support Services · Michigan
Premier Resources, LLC MI$5.2M · 0.70%
Tom's Food Markets, Inc. MI$5.1M · 0.60%
Djs Lawn Service, Inc. MI$4.2M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 200896877 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.