Michels Corporation401(k)

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

Michels Corporation reported $244,957 in plan administrative expenses for 2024: 0.10% of average plan assets, above the peer median. Employer contributions averaged $2,886 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 0.15% to 0.10%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other construction employers. By assets it is the 114th-largest of 1,936 plans among Wisconsin employers on file, and the 245th of 5,337 in construction. In 2024, employees put in $2.62 for every $1.00 the employer contributed; active participation has grown from 2,141 to 2,598 since 2022.