Plan Ledger DOL Form 5500 · updated monthly

Marposs Corporation401(k)

MARPOSS CORPORATION 401K PLAN · AUBURN HILLS, MI · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Marposs Corporation reported $21,342 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,723 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 0.05% to 0.06%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 605th-largest of 2,619 plans among Michigan employers on file, and the 1,009th of 4,246 in wholesale trade. In 2024, employees put in $3.10 for every $1.00 the employer contributed; active participation has grown from 125 to 144 since 2022.

Plan summary
Net assets, end of year$40,929,049
Participants with balances168
Active participants144
Employer contributions$392,115
Employee contributions$1,213,660
Employer contribution per active participant$2,723
Average account balance$243,625
Benefits paid to participants$3,275,514
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$40.9M · 168 accts · $392K emplr
2023$34.6M · 160 accts · $347K emplr
2022$29.2M · 153 accts · $312K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,400
Investment management$10,242
Audit (IQPA)$9,700
Total administrative$21,342
The Marposs Corporation 401(k) match · 2024
Employer contribution per active participant$2,723
Median for plans this size$2,416
2024$2,723 per active participant
2023$2,692 per active participant
2022$2,496 per active participant

Marposs Corporation's 2024 employer contribution ran above the $2,416 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
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$10,242
ANDREWS HOOPER PAVLIK PLC · Accounting / audit$9,700
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$1,400

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$21,342 · 0.06%
2023$10,586 · 0.03%
2022$18,056 · 0.05%
Same employer
Similar plansWholesale Trade · Michigan
Burroughs, Inc. MI$42.8M · 0.49%
Etna Shared Services, LLC MI$41.6M · 0.39%
N.S. International, LTD. MI$41.3M · 0.12%
Joint Board of Trustees MI$40.5M · 0.37%
Don Lee Distributor, Inc. MI$40.4M · 0.36%
V.E.C (USA), Inc. MI$40.4M · 0.21%
Denso Ten America Limited MI$39.6M · 0.30%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 131980259 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.