Plan Ledger DOL Form 5500 · updated monthly

Lakeside Surfaces, LLC401(k)

LAKESIDE SURFACES 401(K) PLAN · MUSKEGON, MI · plan year 2024

Reported admin expense ratio · 2024
0.94%

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

Lakeside Surfaces, LLC reported $36,121 in plan administrative expenses for 2024: 0.94% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,161 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 0.94%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Michigan (2,099th of 2,619), and 3,984th of 5,215 in retail trade. In 2024, employees put in $3.16 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,236,079
Participants with balances216
Active participants137
Employer contributions$159,020
Employee contributions$502,573
Employer contribution per active participant$1,161
Average account balance$19,611
Benefits paid to participants$357,589
Plan auditUnmodified (clean) audit opinion
AuditorMEYAARD TOLMAN & VENLET P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$4.2M · 216 accts · $159K emplr
2023$3.5M · 212 accts · $180K emplr
2022$2.8M · 204 accts · $203K emplr
Administrative expenses, itemized · 2024
Investment management$36,121
Total administrative$36,121
The Lakeside Surfaces, LLC 401(k) match · 2024
Employer contribution per active participant$1,161
Median for plans this size$1,313
2024$1,161 per active participant
2023$1,353 per active participant
2022$1,464 per active participant

Lakeside Surfaces, LLC's 2024 employer contribution ran below the $1,313 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
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$17,968
KDP RETIREMENT PLAN SERVICES, LLC · Recordkeeping · Loan processing$2,850
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$15,303

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

Recordkeeper by year2
2024KDP RETIREMENT PLAN SERVICES, LLC, Transamerica
2023KDP RETIREMENT PLAN SERVICES, LLC, Transamerica

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

Administrative cost history3
2024$36,121 · 0.94%
2023$30,898 · 0.99%
2022$25,778 · 0.91%
Same employer
Similar plansRetail Trade · Michigan
Wolverine Truck Sales Inc MI$5.4M · 0.38%
Sellers Auto Group, Inc. MI$5.0M · 0.65%
Woodland Direct MI$4.2M · 0.46%
Williams Chevrolet, Inc. MI$4.1M · 0.74%
R L Morgan Company MI$3.7M · 1.01%
Gazelle Sports 1. Inc. MI$3.6M · 0.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383594873 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.