Plan Ledger DOL Form 5500 · updated monthly

Oakley Industries Sub Assembly Division, Inc.401(k)

OAKLEY RETIREMENT PLAN · FLINT, MI · plan year 2024

Reported admin expense ratio · 2024
0.68%

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

Oakley Industries Sub Assembly Division, Inc. reported $65,870 in plan administrative expenses for 2024: 0.68% of average plan assets, above the peer median. Employer contributions averaged $2,389 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 3 years on file its reported administrative ratio has held roughly steady near 0.68%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Michigan (1,531st of 2,619), and 8,672nd of 13,661 in manufacturing. In 2024, employees put in $2.20 for every $1.00 the employer contributed; active participation has shrunk from 159 to 139 since 2022.

Plan summary
Net assets, end of year$10,239,947
Participants with balances169
Active participants139
Employer contributions$332,126
Employee contributions$732,196
Employer contribution per active participant$2,389
Average account balance$60,591
Benefits paid to participants$1,086,104
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.2M · 169 accts · $332K emplr
2023$9.2M · 175 accts · $338K emplr
2022$8.0M · 190 accts · $330K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$65,870
Total administrative$65,870
The Oakley Industries Sub Assembly Division, Inc. 401(k) match · 2024
Employer contribution per active participant$2,389
Median for plans this size$1,313
2024$2,389 per active participant
2023$2,377 per active participant
2022$2,073 per active participant

Oakley Industries Sub Assembly Division, Inc.'s 2024 employer contribution ran above the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$65,870
STIFEL NICOLAUS & COMPANY INC · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect 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$65,870 · 0.68%
2023$55,871 · 0.65%
2022$63,279 · 0.71%
Same employer
Similar plansManufacturing · Michigan
Fm Sylvan, Inc. MI$10.4M · 0.72%
Welding Technology Corp MI$10.3M · 0.34%
Moellering Holdings, Inc. MI$10.2M · 0.02%
Delfingen US, Inc. MI$10.1M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382552259 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.