Plan Ledger DOL Form 5500 · updated monthly

Bizlink Robotic Solutions USA, Inc.401(k)

LEONI ENGINEERING PRODUCTS & SERVICES INC 401K PLAN · LAKE ORION, MI · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Bizlink Robotic Solutions USA, Inc. reported $21,977 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. Employer contributions averaged $1,829 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 1 year on file its reported administrative ratio fell from 0.36% to 0.28%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Michigan (1,677th of 2,619), and 9,551st of 13,661 in manufacturing. In 2024, employees put in $2.19 for every $1.00 the employer contributed; active participation has grown from 87 to 97 since 2022.

Plan summary
Net assets, end of year$8,271,821
Participants with balances111
Active participants97
Employer contributions$177,382
Employee contributions$388,797
Employer contribution per active participant$1,829
Average account balance$74,521
Benefits paid to participants$837,738
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.3M · 111 accts · $177K emplr
2023$7.7M · 112 accts · $182K emplr
2022$8.1M · 129 accts · $254K emplr
The Bizlink Robotic Solutions USA, Inc. 401(k) match · 2024
Employer contribution per active participant$1,829
Median for plans this size$1,313
2024$1,829 per active participant
2023$2,225 per active participant
2022$2,914 per active participant

Bizlink Robotic Solutions USA, Inc.'s 2024 employer contribution ran above 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 · 202412
NATIONWIDE · Investment management$19,044
CREATIVE PLANNING · Investment management$15,307
CREATIVE PLANNING$7,836
NATIONWIDE LIFE INSURANCE COMPANY · Investment management$3,990
IRON FIDUCIARY · Investment management$1,595
PROACCOUNT · Investment advisory (participants)$1,160
NATIONWIDE · Investment management$976
TSC 401K · Contract administrator$750
NATIONWIDE RETIREMENT PLANS · Investment management$474
IRON FINANCIAL$1,595

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$21,977 · 0.28%
2023$28,344 · 0.36%
2022Not separately reported
Similar plansManufacturing · Michigan
Rapid-Line, Inc. MI$8.3M · 0.30%
Our Next Energy, Inc. MI$8.3M · 1.07%
Borroughs, LLC MI$8.2M · 0.01%
Yates Industries, Inc. MI$8.2M · 0.16%
Swoboda, Inc. MI$8.2M · 0.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383137282 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.