Plan Ledger DOL Form 5500 · updated monthly

Kmg Prestige Incorporated401(k)

KMG PRESTIGE INCORPORATED RETIREMENT 401(K) PLAN · MT PLEASANT, MI · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Kmg Prestige Incorporated reported $20,530 in plan administrative expenses for 2024: 0.12% of average plan assets, lower than ~75% of peers. Employer contributions averaged $360 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 rose from 0.11% to 0.12%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 1,084th-largest of 2,619 plans among Michigan employers on file, and the 708th of 2,096 in real estate & leasing. In 2024, employees put in $3.93 for every $1.00 the employer contributed; active participation has grown from 1,024 to 1,135 since 2022.

Plan summary
Net assets, end of year$18,676,219
Participants with balances495
Active participants1,135
Employer contributions$409,127
Employee contributions$1,609,214
Employer contribution per active participant$360
Average account balance$37,730
Benefits paid to participants$1,502,342
Plan auditUnmodified (clean) audit opinion
AuditorGARDNER PROVENZANO THOMAS & LUPLOW
Plan history3
Yearassets · accounts · employer contribution
2024$18.7M · 495 accts · $409K emplr
2023$16.0M · 487 accts · $389K emplr
2022$13.7M · 471 accts · $350K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,530
Total administrative$20,530
The Kmg Prestige Incorporated 401(k) match · 2024
Employer contribution per active participant$360
Median for plans this size$2,416
2024$360 per active participant
2023$371 per active participant
2022$341 per active participant

Kmg Prestige Incorporated's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$100,612

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

Recordkeeper by year2
2024The Standard
2023The Standard

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

Administrative cost history3
2024$20,530 · 0.12%
2023$16,952 · 0.11%
2022$15,922 · 0.11%
Same employer
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The Forbes Company, LLC MI$20.5M · 0.21%
Oakland Management Corp MI$19.6M · 0.28%
Singh Management Co., LLC MI$18.8M · 0.00%
Vandyk Mortgage Corporation MI$18.3M · 0.32%
Class Valuation, LLC MI$18.0M · 0.64%
Jack Doheny Company MI$16.6M · 0.49%
Friedman Management Company MI$15.4M · 0.75%

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Source: U.S. Department of Labor, Form 5500 series, EIN 204416074 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.