Plan Ledger DOL Form 5500 · updated monthly

Jost International Corp.401(k)

JOST INTERNATIONAL CORP 401(K) PLAN · GRAND HAVEN, MI · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

Jost International Corp. reported $59,235 in plan administrative expenses for 2024: 0.37% of average plan assets, above the peer median. Employer contributions averaged $1,400 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 0.70% to 0.37%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,118th-largest of 2,619 plans among Michigan employers on file, and the 6,363rd of 13,661 in manufacturing. In 2024, employees put in $1.78 for every $1.00 the employer contributed; active participation has grown from 475 to 540 since 2022.

Plan summary
Net assets, end of year$17,911,075
Participants with balances349
Active participants540
Employer contributions$755,746
Employee contributions$1,346,590
Employer contribution per active participant$1,400
Average account balance$51,321
Benefits paid to participants$2,277,965
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.9M · 349 accts · $756K emplr
2023$13.9M · 338 accts · $689K emplr
2022$11.0M · 334 accts · $635K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,595
Investment management$29,340
Total administrative$59,235
The Jost International Corp. 401(k) match · 2024
Employer contribution per active participant$1,400
Median for plans this size$2,416
2024$1,400 per active participant
2023$1,250 per active participant
2022$1,336 per active participant

Jost International Corp.'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 · 20243
JOHN HANOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$29,595
DOEREN MAYHEW · Recordkeeping · Loan processing$300
LPL FINANCIAL LLC · Investment advisory (participants)$29,340

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

Recordkeeper by year2
2024DOEREN MAYHEW, JOHN HANOCK LIFE INSURANCE COMPANY
2023DOEREN MAYHEW, JOHN HANOCK LIFE INSURANCE COMPANY

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Administrative cost history3
2024$59,235 · 0.37%
2023$98,143 · 0.79%
2022$81,783 · 0.70%
Same employer
Similar plansManufacturing · Michigan
Roberts Sinto Corporation MI$18.0M · 0.29%
Hatch Stamping Company MI$18.0M · 0.53%
Knight Ergonomics, LTD. MI$18.0M · 0.73%
Ionbond LLC MI$17.9M · 0.37%
BAE Industries, Inc MI$17.8M · 0.63%
Terryberry Company, LLC MI$17.7M · 0.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382347939 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.