Plan Ledger DOL Form 5500 · updated monthly

Loancraft, LLC401(k)

LOANCRAFT, LLC 401(K) P/S PLAN · TROY, MI · plan year 2022

Reported admin expense ratio · 2022
0.93%

Loancraft, LLC reported $5,282 in plan administrative expenses for 2022: 0.93% of average plan assets, above the peer median. 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.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Michigan (2,541st of 2,619), and 4,750th of 4,798 in finance & insurance.

Plan summary
Net assets, end of year$538,298
Participants with balances39
Active participants74
Employer contributions—
Employee contributions$141,953
Employer contribution per active participant—
Average account balance$13,803
Benefits paid to participants$170,017
Plan auditUnmodified (clean) audit opinion
AuditorMRPR GROUP, PC
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$5,282
Total administrative$5,282
What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$5,282 · 0.93%
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Source: U.S. Department of Labor, Form 5500 series, EIN 030523445 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.