Plan Ledger DOL Form 5500 · updated monthly

McKinley Companies, LLC401(k)

MCKINLEY COMPANIES LLC 401(K) RETIREMENT PLAN · ANN ARBOR, MI · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

McKinley Companies, LLC reported $99,232 in plan administrative expenses for 2024: 0.45% of average plan assets, above the peer median. Employer contributions averaged $487 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 fell from 0.50% to 0.45%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 927th-largest of 2,619 plans among Michigan employers on file, and the 564th of 2,096 in real estate & leasing. In 2024, employees put in $8.50 for every $1.00 the employer contributed; active participation has grown from 325 to 506 since 2022.

Plan summary
Net assets, end of year$23,504,593
Participants with balances716
Active participants506
Employer contributions$246,307
Employee contributions$2,094,467
Employer contribution per active participant$487
Average account balance$32,828
Benefits paid to participants$1,963,394
Plan auditUnmodified (clean) audit opinion
AuditorEDWARDS ELLIS STANLEY ARMSTRONG & C
Plan history3
Yearassets · accounts · employer contribution
2024$23.5M · 716 accts · $246K emplr
2023$20.3M · 540 accts · $206K emplr
2022$17.4M · 511 accts · $205K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$58,248
Investment management$40,984
Total administrative$99,232
The McKinley Companies, LLC 401(k) match · 2024
Employer contribution per active participant$487
Median for plans this size$2,416
2024$487 per active participant
2023$568 per active participant
2022$631 per active participant

McKinley Companies, 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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$58,248
BANK OF ANN ARBOR · Investment advisory (plan)$40,984

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$99,232 · 0.45%
2023$84,189 · 0.45%
2022$94,081 · 0.50%
Same employer
Similar plansReal Estate & Leasing · Michigan
Real Estate One, Inc. MI$42.6M · 0.03%
Infusystem Holdings, Inc. MI$31.8M · 0.40%
Dtn Management Company MI$27.7M · 0.45%
Redico, LLC. MI$22.8M · 0.58%
The Forbes Company, LLC MI$20.5M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 812633205 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.