Plan Ledger DOL Form 5500 · updated monthly

Northstar Financial Group, Inc.401(k)

NORTHSTAR FINANCIAL GROUP EMPLOYEES' 401(K) SAVINGS PLAN · BAD AXE, MI · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Northstar Financial Group, Inc. reported $45,469 in plan administrative expenses for 2024: 0.18% of average plan assets, below the peer median. Employer contributions averaged $3,055 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 0.18%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 844th-largest of 2,619 plans among Michigan employers on file, and 2,573rd of 4,798 in finance & insurance. In 2024, employees put in $2.57 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$27,083,244
Participants with balances316
Active participants249
Employer contributions$760,631
Employee contributions$1,951,295
Employer contribution per active participant$3,055
Average account balance$85,706
Benefits paid to participants$1,551,232
Plan auditUnmodified (clean) audit opinion
AuditorHACKER, JOHNSON & SMITH PA
Plan history3
Yearassets · accounts · employer contribution
2024$27.1M · 316 accts · $761K emplr
2023$22.4M · 309 accts · $723K emplr
2022$18.8M · 297 accts · $516K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$45,469
Total administrative$45,469
The Northstar Financial Group, Inc. 401(k) match · 2024
Employer contribution per active participant$3,055
Median for plans this size$2,416
2024$3,055 per active participant
2023$3,001 per active participant
2022$2,063 per active participant

Northstar Financial Group, 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 · 20241

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$45,469 · 0.18%
2023$43,803 · 0.21%
2022$32,986 · 0.16%
Same employer
Similar plansFinance & Insurance · Michigan
First Bank Upper Michigan MI$29.0M · 0.04%
Sterling Bank & Trust Fsb MI$29.0M · 0.22%
County National Bank MI$28.3M · 0.12%
Fentura Financial Inc. MI$25.5M · 0.44%
Multi-Bank Services, LTD. MI$25.0M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383552452 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.