Plan Ledger DOL Form 5500 · updated monthly

Jr Technology Group, LLC401(k)

JR TECHNOLOGY GROUP RETIREMENT SAVINGS PLAN · STEVENSVILLE, MI · plan year 2024

Reported admin expense ratio · 2024
0.15%

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

Jr Technology Group, LLC reported $237,121 in plan administrative expenses for 2024: 0.15% of average plan assets, above the peer median. Employer contributions averaged $2,822 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 0.15%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 169th-largest of 2,619 plans among Michigan employers on file, and the 1,298th of 13,661 in manufacturing. In 2024, employees put in $3.31 for every $1.00 the employer contributed; active participation has shrunk from 1,707 to 1,460 since 2022.

Plan summary
Net assets, end of year$171,575,117
Participants with balances1,845
Active participants1,460
Employer contributions$4,119,988
Employee contributions$13,648,378
Employer contribution per active participant$2,822
Average account balance$92,995
Benefits paid to participants$15,016,730
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$171.6M · 1,845 accts · $4.1M emplr
2023$147.0M · 1,966 accts · $4.2M emplr
2022$116.6M · 2,043 accts · $4.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$237,121
Total administrative$237,121
The Jr Technology Group, LLC 401(k) match · 2024
Employer contribution per active participant$2,822
Median for plans this size$3,635
2024$2,822 per active participant
2023$2,778 per active participant
2022$2,507 per active participant

Jr Technology Group, LLC's 2024 employer contribution ran below the $3,635 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$237,121
CREATIVE PLANNING, INC. · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · 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.

Administrative cost history3
2024$237,121 · 0.15%
2023$193,368 · 0.15%
2022$179,654 · 0.14%
Similar plansManufacturing · Michigan
Shape Corp Biosolutions, LLC MI$180.3M · 0.16%
Durr, Inc. MI$176.3M
Webasto Roof Systems Inc. MI$166.8M · 0.19%
Champion Home Builders, Inc. MI$164.1M · 0.29%
Phinia Inc. MI$158.4M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 473258765 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.