Plan Ledger DOL Form 5500 · updated monthly

Michigan Corporate Services, LLC401(k)

MICHIGAN CORPORATE SERVICES, LLC 401(K) RETIREMENT PLAN · GRAND RAPIDS, MI · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Michigan Corporate Services, LLC reported $119,478 in plan administrative expenses for 2024: 0.11% of average plan assets, below the peer median. Employer contributions averaged $4,154 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 0.12% to 0.11%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other wholesale trade employers. By assets it is the 254th-largest of 2,619 plans among Michigan employers on file, and the 375th of 4,246 in wholesale trade. In 2024, employees put in $1.60 for every $1.00 the employer contributed; active participation has grown from 656 to 726 since 2022.

Plan summary
Net assets, end of year$112,931,059
Participants with balances961
Active participants726
Employer contributions$3,015,897
Employee contributions$4,814,445
Employer contribution per active participant$4,154
Average account balance$117,514
Benefits paid to participants$5,946,785
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$112.9M · 961 accts · $3.0M emplr
2023$106.4M · 862 accts · $3.0M emplr
2022$84.8M · 867 accts · $2.7M emplr
Administrative expenses, itemized · 2024
Investment management$119,438
Total administrative$119,478
The Michigan Corporate Services, LLC 401(k) match · 2024
Employer contribution per active participant$4,154
Median for plans this size$3,635
2024$4,154 per active participant
2023$4,417 per active participant
2022$4,045 per active participant

Michigan Corporate Services, LLC's 2024 employer contribution ran above the $3,635 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 · 20244
EMPOWER ADVISORY GROUP, LLC · Investment management$94,438
FIFTH THIRD BANK · Investment advisory (plan)$25,000

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$119,478 · 0.11%
2023$109,575 · 0.11%
2022$107,073 · 0.12%
Same employer
Similar plansWholesale Trade · Michigan
Nemak USA, Inc. MI$189.0M · 0.36%
Roger Zatkoff Company MI$169.7M · 0.02%
Lumbermen's, Inc. MI$116.8M · 0.10%
Haviland Enterprises, Inc. MI$108.2M · 0.09%
Purity Cylinder Gases, Inc. MI$70.4M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 450527006 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.