Plan Ledger DOL Form 5500 · updated monthly

Inontime, LLC401(k)

INONTIME RETIREMENT FUND · ZEELAND, MI · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

Inontime, LLC reported $58,406 in plan administrative expenses for 2024: 0.42% of average plan assets, above the peer median. Employer contributions averaged $1,757 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 0.49% to 0.42%. 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 1,246th-largest of 2,619 plans among Michigan employers on file, and the 895th of 2,677 in transportation & warehousing. In 2024, employees put in $1.02 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$15,170,026
Participants with balances505
Active participants437
Employer contributions$767,795
Employee contributions$784,767
Employer contribution per active participant$1,757
Average account balance$30,040
Benefits paid to participants$907,854
Plan auditUnmodified (clean) audit opinion
AuditorHUNGERFORD
Plan history3
Yearassets · accounts · employer contribution
2024$15.2M · 505 accts · $768K emplr
2023$12.8M · 505 accts · $737K emplr
2022$10.4M · 493 accts · $741K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$58,406
Total administrative$58,406
The Inontime, LLC 401(k) match · 2024
Employer contribution per active participant$1,757
Median for plans this size$2,416
2024$1,757 per active participant
2023$1,772 per active participant
2022$1,791 per active participant

Inontime, LLC'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 · 20241
WINTRUST PRIVATE TRUST COMPANY · Recordkeeping · Custodial (securities)$58,406

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

Recordkeeper by year2
2024WINTRUST PRIVATE TRUST COMPANY
2023MACATAWA BANK

This plan has changed recordkeepers within these filings. If you left Inontime, LLC 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).

Administrative cost history3
2024$58,406 · 0.42%
2023$45,662 · 0.39%
2022$53,397 · 0.49%
Same employer
Similar plansTransportation & Warehousing · Michigan
Vesco Oil Corporation MI$21.7M · 0.11%
Heligroup Holdings, Inc. MI$19.9M · 0.62%
Ifl Group, Inc. MI$13.6M · 0.45%
Reliable Carriers, Inc. MI$13.1M · 0.27%
Wayne Industries, Inc. MI$12.9M · 0.35%
Kc Transportation, Inc. MI$12.4M · 0.47%

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Source: U.S. Department of Labor, Form 5500 series, EIN 832950524 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.