Plan Ledger DOL Form 5500 · updated monthly

Midland Cogeneration Venture Limited Partnership401(k)

MIDLAND COGENERATION VENTURE LIMITED PARTNERSHIP 401(K) SAVINGS PLAN · MIDLAND, MI · plan year 2023

Reported admin expense ratio · 2023
0.15%

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

Midland Cogeneration Venture Limited Partnership reported $90,496 in plan administrative expenses for 2023: 0.15% of average plan assets, above the peer median. Employer contributions averaged $12,659 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 0.16% to 0.24%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other utilities employers. By assets it is the 428th-largest of 2,619 plans among Michigan employers on file, and the 166th of 412 in utilities. In 2023, employees put in $1.09 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$63,810,416
Participants with balances118
Active participants76
Employer contributions$962,053
Employee contributions$1,053,111
Employer contribution per active participant$12,659
Average account balance$540,766
Benefits paid to participants$2,337,662
Plan auditUnmodified (clean) audit opinion
AuditorWEINLANDER FITZHUGH
Plan history3
Yearassets · accounts · employer contribution
2024$55.1M · $920K emplr
2023$63.8M · 118 accts · $962K emplr
2022$54.3M · 119 accts · $1.1M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$29,107
Investment management$61,389
Total administrative$90,496
The Midland Cogeneration Venture Limited Partnership 401(k) match · 2023
Employer contribution per active participant$12,659
Median for plans this size$3,659
2023$12,659 per active participant
2022$13,545 per active participant

Midland Cogeneration Venture Limited Partnership's 2023 employer contribution ran above the $3,659 median for plans its size, placing it in the top 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 · 20233
WINTRUST INVESTMENTS LLC · Investment advisory (plan)$56,905
SAGEVIEW ADVISORY GROUP, LLC · Investment advisory (plan)$4,484

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$142,730 · 0.24%
2023$90,496 · 0.15%
2022$98,351 · 0.16%
Same employer
Similar plansUtilities · Michigan
Consumers Energy Company MI$2.9B · 0.03%
Midwest Energy Cooperative MI$27.4M · 0.39%
Edl Holdings (US), Inc. MI$23.7M · 0.16%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 382726166 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.