Howard Ternes Packaging Company401(k)
HOWARD TERNES PACKAGING COMPANY PROFIT SHARING AND 401(K) PLAN · LIVONIA, MI · plan year 2024
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Howard Ternes Packaging Company reported $24,470 in plan administrative expenses for 2024: 0.14% of average plan assets, below the peer median. Employer contributions averaged $2,117 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 0.20% to 0.14%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 1,097th-largest of 2,619 plans among Michigan employers on file, and the 787th of 2,677 in transportation & warehousing. In 2024, employees put in $2.47 for every $1.00 the employer contributed; active participation has shrunk from 129 to 116 since 2022.
Howard Ternes Packaging Company'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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
This plan has changed recordkeepers within these filings. If you left Howard Ternes Packaging Company before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 592736671 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.