Plan Ledger DOL Form 5500 · updated monthly

Little River Band of Ottawa Indians401(k)

LITTLE RIVER BAND OF OTTAWA INDIANS 401K PROFIT SHARING PLAN & TRUST · MANISTEE, MI · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

Little River Band of Ottawa Indians reported $18,582 in plan administrative expenses for 2024: 0.22% of average plan assets, below the peer median. Employer contributions averaged $1,562 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 0.06% to 0.22%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Michigan (1,627th of 2,619), and 1,782nd of 3,341 in other services. In 2024, employees put in $1.06 for every $1.00 the employer contributed; active participation has grown from 160 to 190 since 2022.

Plan summary
Net assets, end of year$8,776,326
Participants with balances235
Active participants190
Employer contributions$296,815
Employee contributions$314,139
Employer contribution per active participant$1,562
Average account balance$37,346
Benefits paid to participants$1,379,460
Plan auditUnmodified (clean) audit opinion
AuditorWEINLANDER FITZHUGH
Plan history3
Yearassets · accounts · employer contribution
2024$8.8M · 235 accts · $297K emplr
2023$8.3M · 226 accts · $275K emplr
2022$7.5M · 227 accts · $248K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,582
Total administrative$18,582
The Little River Band of Ottawa Indians 401(k) match · 2024
Employer contribution per active participant$1,562
Median for plans this size$1,313
2024$1,562 per active participant
2023$1,480 per active participant
2022$1,551 per active participant

Little River Band of Ottawa Indians'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.

Administrative cost history3
2024$18,582 · 0.22%
2023$4,692 · 0.06%
2022$4,919 · 0.06%
Same employer
Similar plansOther Services · Michigan
K S Services, Inc. MI$9.7M · 0.15%
Michigan Humane Society MI$8.8M · 0.74%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382617761 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.