Michigan Scientific Corporation401(k)
MICHIGAN SCIENTIFIC CORPORATION, 401(K) PLAN · MILFORD, MI · plan year 2022
Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works
Michigan Scientific Corporation reported $3,913 in plan administrative expenses for 2022: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,301 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 1 year on file its reported administrative ratio rose from 0.02% to 0.04%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,123rd-largest of 2,619 plans among Michigan employers on file, and the 6,387th of 13,661 in manufacturing. In 2022, employees put in $4.01 for every $1.00 the employer contributed.
Michigan Scientific Corporation's 2022 employer contribution ran above the $2,266 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.
Annual cost at the plan's reported 2022 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 381747670 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.