Plan Ledger DOL Form 5500 · updated monthly

Oliver Healthcare Packaging Company401(k)

OLIVER HEALTHCARE PACKAGING COMPANY 401(K) RETIREMENT PLAN · GRAND RAPIDS, MI · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Oliver Healthcare Packaging Company reported $57,047 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,257 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 0.064% to 0.060%. 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 304th-largest of 2,619 plans among Michigan employers on file, and the 1,967th of 13,661 in manufacturing. In 2024, employees put in $1.80 for every $1.00 the employer contributed; active participation has shrunk from 1,195 to 1,042 since 2022.

Plan summary
Net assets, end of year$95,896,614
Participants with balances1,235
Active participants1,042
Employer contributions$3,393,715
Employee contributions$6,112,259
Employer contribution per active participant$3,257
Average account balance$77,649
Benefits paid to participants$7,749,297
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$95.9M · 1,235 accts · $3.4M emplr
2023$94.3M · 1,344 accts · $3.3M emplr
2022$80.5M · 1,269 accts · $3.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$434
Investment management$56,613
Total administrative$57,047
The Oliver Healthcare Packaging Company 401(k) match · 2024
Employer contribution per active participant$3,257
Median for plans this size$3,635
2024$3,257 per active participant
2023$2,723 per active participant
2022$2,536 per active participant

Oliver Healthcare Packaging Company's 2024 employer contribution ran below 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
MMA SECURITIES · Investment advisory (plan)$41,201
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$15,412
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$434

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$57,047 · 0.06%
2023$50,665 · 0.06%
2022$56,074 · 0.06%
Similar plansManufacturing · Michigan
Orchid Mps Holdings, LLC MI$106.5M · 0.05%
Hanon Systems USA, LLC MI$102.8M · 0.12%
Aludyne Inc MI$99.4M · 0.19%
Dayco Incorporated MI$95.7M · 0.11%
Irwin Seating Company MI$92.9M · 0.11%
Duro-Last, Inc. MI$92.0M · 0.04%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 382363773 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.