Plan Ledger DOL Form 5500 · updated monthly

Masterpiece Flower Company, LLC401(k)

MASTERPIECE FLOWER COMPANY, LLC 401(K) RETIREMENT PLAN · BYRON CENTER, MI · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Masterpiece Flower Company, LLC reported $41,966 in plan administrative expenses for 2024: 0.29% of average plan assets, below the peer median. Employer contributions averaged $1,050 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 0.29%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is the 1,219th-largest of 2,619 plans among Michigan employers on file, and the 314th of 945 in agriculture, forestry & fishing. In 2024, employees put in $2.37 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$15,718,941
Participants with balances156
Active participants275
Employer contributions$288,839
Employee contributions$685,136
Employer contribution per active participant$1,050
Average account balance$100,762
Benefits paid to participants$746,411
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.7M · 156 accts · $289K emplr
2023$13.4M · 167 accts · $261K emplr
2022$11.4M · 154 accts · $260K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$625
Investment management$41,341
Total administrative$41,966
The Masterpiece Flower Company, LLC 401(k) match · 2024
Employer contribution per active participant$1,050
Median for plans this size$2,416
2024$1,050 per active participant
2023$1,040 per active participant
2022$1,034 per active participant

Masterpiece Flower Company, LLC's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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
CETERA INVESTMENT ADVISERS LLC · Investment advisory (plan)$21,909
CETERA ADVISORS LLC · Investment advisory (plan)$19,432
CAPITAL GROUP RETIREMENT PLAN SVCS. · Trustee (directed) · Other services$625

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$41,966 · 0.29%
2023$39,959 · 0.32%
2022$37,521 · 0.30%
Same employer
Similar plansAgriculture, Forestry & Fishing · Michigan
Walters Gardens, Inc. MI$20.6M · 0.36%
Sietsema Farms Inc. MI$14.2M · 0.34%
Walther Farms LLC MI$13.7M · 0.24%
Jm Longyear, LLC MI$12.1M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 331026502 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.