Plan Ledger DOL Form 5500 · updated monthly

Odl, Incorporated401(k)

ODL, INCORPORATED 401(K) PROFIT-SHARING PLAN AND TRUST · ZEELAND, MI · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Odl, Incorporated reported $123,999 in plan administrative expenses for 2024: 0.19% of average plan assets, above the peer median. Employer contributions averaged $3,876 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 0.22% to 0.19%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 410th-largest of 2,619 plans among Michigan employers on file, and the 2,553rd of 13,661 in manufacturing. In 2024, employees put in $2.10 for every $1.00 the employer contributed; active participation has shrunk from 403 to 358 since 2022.

Plan summary
Net assets, end of year$66,589,431
Participants with balances490
Active participants358
Employer contributions$1,387,635
Employee contributions$2,912,404
Employer contribution per active participant$3,876
Average account balance$135,897
Benefits paid to participants$9,880,388
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$66.6M · 490 accts · $1.4M emplr
2023$64.5M · 500 accts · $1.5M emplr
2022$59.2M · 529 accts · $1.5M emplr
The Odl, Incorporated 401(k) match · 2024
Employer contribution per active participant$3,876
Median for plans this size$3,635
2024$3,876 per active participant
2023$4,086 per active participant
2022$3,715 per active participant

Odl, Incorporated's 2024 employer contribution ran above the $3,635 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 · 20243
THE VANGUARD GROUP, INC. · Recordkeeping · Consulting$42,162
RMB CAPITAL MANAGEMENT LLC · Investment advisory (plan)$55,000
VANGUARD ADVISERS INC. · Investment advisory (participants)$28,687

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Vanguard
2023Vanguard

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Administrative cost history3
2024$123,999 · 0.19%
2023$106,904 · 0.17%
2022$141,445 · 0.22%
Same employer
Similar plansManufacturing · Michigan
Hi-Lex MI$69.5M · 0.24%
Cascade Engineering, Inc. MI$66.4M · 0.24%
G & T Industries, Inc MI$65.4M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381374838 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.