Plan Ledger DOL Form 5500 · updated monthly

J.M. Wilson Corporation401(k)

J.M. WILSON CORPORATION SAVINGS PLAN · PORTAGE, MI · plan year 2024

Reported admin expense ratio · 2024
0.52%

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

J.M. Wilson Corporation reported $74,379 in plan administrative expenses for 2024: 0.52% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,794 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 0.517%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 1,236th-largest of 2,619 plans among Michigan employers on file, and 3,465th of 4,798 in finance & insurance. In 2024, employees put in $2.03 for every $1.00 the employer contributed; active participation has grown from 122 to 142 since 2022.

Plan summary
Net assets, end of year$15,412,278
Participants with balances181
Active participants142
Employer contributions$396,803
Employee contributions$805,727
Employer contribution per active participant$2,794
Average account balance$85,151
Benefits paid to participants$955,698
Plan auditUnmodified (clean) audit opinion
AuditorBRINK, KEY & CHLUDZINKSKI, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$15.4M · 181 accts · $397K emplr
2023$13.3M · 172 accts · $369K emplr
2022$10.4M · 154 accts · $343K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$35,294
Investment management$35,725
Total administrative$74,379
The J.M. Wilson Corporation 401(k) match · 2024
Employer contribution per active participant$2,794
Median for plans this size$2,416
2024$2,794 per active participant
2023$2,840 per active participant
2022$2,813 per active participant

J.M. Wilson Corporation's 2024 employer contribution ran above 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 · 20242
JOHN HANCOCK USA · Recordkeeping · Investment management$2,630
MERCER GLOBAL ADVISORS INC. · Investment advisory (participants)indirect comp

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$74,379 · 0.52%
2023$64,217 · 0.54%
2022$61,516 · 0.52%
Similar plansFinance & Insurance · Michigan
Range Bank, N.A. MI$16.3M · 0.14%
Conifer Holdings, Inc. MI$15.6M · 0.47%
Tlc Community Credit Union MI$15.5M · 0.24%
Thumb Bank and Trust MI$14.1M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381178100 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.