Michigan Institute of Aeronautic401(k)
M. I. O. A. 401K PROFIT SHARING · CANTON, MI · plan year 2021
Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works
Michigan Institute of Aeronautic reported $19,819 in plan administrative expenses for 2021: 0.89% of average plan assets, higher than ~75% of peers. Employer contributions averaged $268 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.
The plan sits in the $1M–$10M size bracket, benchmarked here against 289 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Michigan (2,318th of 2,619), and 2,808th of 3,091 in educational services. In 2021, employees put in $5.00 for every $1.00 the employer contributed.
Michigan Institute of Aeronautic's 2021 employer contribution ran below the $994 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.
Annual cost at the plan's reported 2021 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 341613136 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.