What are the fees in the Home Appliance Mart, Inc 401(k) plan?

For plan year 2022, Home Appliance Mart, Inc reported $3,771 in plan administrative expenses, or 0.23% of average plan assets — below the peer median. Fund-level expense ratios are not included in public filings.

What is the average account balance in the Home Appliance Mart, Inc 401(k)?

The average participant account balance was $19,831 for plan year 2022, based on 77 accounts.

Home Appliance Mart, Inc401(k)

Name: Home Appliance Mart, Inc 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

HOME APPLIANCE MART, INC 401(K) PLAN · ANN ARBOR, MI · plan year 2022

Reported admin expense ratio · 2022

0.23%

Home Appliance Mart, Inc reported $3,771 in plan administrative expenses for 2022: 0.23% of average plan assets, below 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Michigan (2,427th of 2,619), and 4,806th of 5,215 in retail trade.

Plan summary
Net assets, end of year$1,526,980
Participants with balances77
Active participants123
Employer contributions—
Employee contributions$289,620
Employer contribution per active participant—
Average account balance$19,831
Benefits paid to participants$182,358
Plan auditUnmodified (clean) audit opinion
AuditorMANER COSTERISAN, P.C

What these fees cost you

Your balance

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$3,771 · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381621501 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.