Plan Ledger DOL Form 5500 · updated monthly

Michigan Pizza Hut, Inc.401(k)

MICHIGAN PIZZA HUT, INC. 401(K) PLAN · SAINT JOSEPH, MI · plan year 2023

Reported admin expense ratio · 2023
0.83%

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

Michigan Pizza Hut, Inc. reported $34,310 in plan administrative expenses for 2023: 0.83% of average plan assets, higher than ~75% of peers. Employer contributions averaged $109 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 rose from 0.78% to 0.86%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Michigan (2,069th of 2,619), and the 954th of 2,240 in accommodation & food services. In 2023, employees put in $4.55 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,446,797
Participants with balances177
Active participants369
Employer contributions$40,277
Employee contributions$183,329
Employer contribution per active participant$109
Average account balance$25,123
Benefits paid to participants$116,049
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.5M · 174 accts · $35K emplr
2023$4.4M · 177 accts · $40K emplr
2022$3.8M · 189 accts · $47K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$34,310
Total administrative$34,310
The Michigan Pizza Hut, Inc. 401(k) match · 2023
Employer contribution per active participant$109
Median for plans this size$1,308
2024$95 per active participant
2023$109 per active participant
2022$133 per active participant

Michigan Pizza Hut, Inc.'s 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
JOHN HANCOCK LIFE INSURANCE · Recordkeeping · Investment management$1,810
ONE DIGITAL INVESTMENT ADVISORS · Investment advisory (participants)$6,837

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$34,334 · 0.86%
2023$34,310 · 0.83%
2022$31,829 · 0.78%
Similar plansAccommodation & Food Services · Michigan
Miller Apple L.P. MI$4.8M · 0.05%
Weber's, Inc. MI$4.4M · 0.40%
Ebels Family Center, Inc. MI$3.9M · 0.06%
Lodgco Management, LLC MI$3.7M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 741708144 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.