Plan Ledger DOL Form 5500 · updated monthly

Nucraft Furniture Co.401(k)

NUCRAFT FURNITURE COMPANY PROFIT SHARING & RETIREMENT PLAN · COMSTOCK PARK, MI · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Nucraft Furniture Co. reported $2,965 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,068 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 0.02% to 0.01%. 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 771st-largest of 2,619 plans among Michigan employers on file, and the 4,388th of 13,661 in manufacturing. In 2024, employees put in $2.23 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$30,919,113
Participants with balances341
Active participants290
Employer contributions$599,799
Employee contributions$1,337,067
Employer contribution per active participant$2,068
Average account balance$90,672
Benefits paid to participants$1,608,757
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$30.9M · 341 accts · $600K emplr
2023$25.9M · 341 accts · $601K emplr
2022$21.5M · 336 accts · $524K emplr
Administrative expenses, itemized · 2024
Audit (IQPA)$10,000
Total administrative$2,965
The Nucraft Furniture Co. 401(k) match · 2024
Employer contribution per active participant$2,068
Median for plans this size$2,416
2024$2,068 per active participant
2023$2,147 per active participant
2022$1,970 per active participant

Nucraft Furniture Co.'s 2024 employer contribution ran below 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
PLANTE & MORAN, PLLC · Accounting / audit$10,000
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect 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$2,965 · 0.01%
2023$6,162 · 0.03%
2022$5,638 · 0.02%
Same employer
Similar plansManufacturing · Michigan
Detroit Forming, Inc. MI$31.3M · 0.28%
Iroquois Industries, Inc. MI$31.2M · 0.43%
Fori Automation, LLC. MI$31.1M · 0.04%
Pgp Corporation MI$30.7M · 0.17%
Eaton Steel Bar Company MI$30.6M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381238692 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.