Plan Ledger DOL Form 5500 · updated monthly

N.A. Mans & Sons, Inc.401(k)

N.A. MANS & SONS INC EMPLOYEES' PROFIT SHARING & CASH OR DEFERRED PLAN & TRUST · TRENTON, MI · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

N.A. Mans & Sons, Inc. reported $94,269 in plan administrative expenses for 2024: 0.36% of average plan assets, above the peer median. Employer contributions averaged $3,264 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 fell from 0.43% to 0.36%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 816th-largest of 2,619 plans among Michigan employers on file, and the 1,078th of 5,215 in retail trade. In 2024, employees put in $2.09 for every $1.00 the employer contributed; active participation has grown from 208 to 245 since 2022.

Plan summary
Net assets, end of year$28,630,916
Participants with balances279
Active participants245
Employer contributions$799,686
Employee contributions$1,669,356
Employer contribution per active participant$3,264
Average account balance$102,620
Benefits paid to participants$664,895
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI LLP
Plan history3
Yearassets · accounts · employer contribution
2024$28.6M · 279 accts · $800K emplr
2023$23.4M · 253 accts · $723K emplr
2022$19.1M · 236 accts · $863K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$94,269
Total administrative$94,269
The N.A. Mans & Sons, Inc. 401(k) match · 2024
Employer contribution per active participant$3,264
Median for plans this size$2,416
2024$3,264 per active participant
2023$3,228 per active participant
2022$4,151 per active participant

N.A. Mans & Sons, Inc.'s 2024 employer contribution ran above the $2,416 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.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$94,268
S B H U LIFE AGENCY INC · Other servicesindirect comp

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$94,269 · 0.36%
2023$76,410 · 0.36%
2022$83,490 · 0.43%
Same employer
Similar plansRetail Trade · Michigan
Lowery Corporation MI$30.7M · 0.45%
Lane Automotive Inc. MI$27.7M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 380788330 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.