Plan Ledger DOL Form 5500 · updated monthly

Huron Valley Steel Corporation401(k)

HURON VALLEY STEEL CORPORATION 401(K) PLAN · TRENTON, MI · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Huron Valley Steel Corporation reported $57,831 in plan administrative expenses for 2024: 0.23% of average plan assets, below the peer median. Employer contributions averaged $1,466 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 3 years on file its reported administrative ratio has held roughly steady near 0.234%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 879th-largest of 2,619 plans among Michigan employers on file, and the 1,567th of 4,246 in wholesale trade. In 2024, employees put in $3.18 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$25,221,901
Participants with balances216
Active participants191
Employer contributions$279,966
Employee contributions$889,687
Employer contribution per active participant$1,466
Average account balance$116,768
Benefits paid to participants$3,305,659
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$25.2M · 216 accts · $280K emplr
2023$24.1M · 225 accts · $270K emplr
2022$20.5M · 223 accts · $254K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,072
Investment management$47,759
Total administrative$57,831
The Huron Valley Steel Corporation 401(k) match · 2024
Employer contribution per active participant$1,466
Median for plans this size$2,416
2024$1,466 per active participant
2023$1,322 per active participant
2022$1,259 per active participant

Huron Valley Steel Corporation'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 · 20244
LPL FINANCIAL, LLC · Investment advisory (plan)$47,759
CAPITAL GROUP RETIREMENT PLAN SVCS. · Trustee (directed) · Other services$5,072
BAKER TILLY VIRCHOW KRAUSE, LLP$5,000
BAKER TILLY VIRCHOW KROUSE, LLP · Accounting / audit$5,000

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$57,831 · 0.23%
2023$53,018 · 0.24%
2022$52,441 · 0.23%
Same employer
Similar plansWholesale Trade · Michigan
Brighton Employment, Inc. MI$26.7M · 0.31%
Idn Global, Inc. MI$25.7M · 0.24%
Medler Electric Company MI$25.3M · 0.16%
Ewie Co., Inc. MI$24.5M · 1.10%
Heller Machine Tools, L.P. MI$23.7M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381643117 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.