Michigan Turkey Producers401(k)
MICHIGAN TURKEY PRODUCERS 401(K) SAVINGS PLAN · GRAND RAPIDS, MI · plan year 2024
Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works
Michigan Turkey Producers reported $109,923 in plan administrative expenses for 2024: 0.60% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,204 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 0.55% to 0.60%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,049th-largest of 2,619 plans among Michigan employers on file, and the 5,994th of 13,661 in manufacturing. In 2024, employees put in $1.86 for every $1.00 the employer contributed.
Michigan Turkey Producers's 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Looking for an account from a past job here? How to find an old 401(k).
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 383432559 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.