Plan Ledger DOL Form 5500 · updated monthly

Opus Packaging Group, Inc.401(k)

OPUS PACKAGING GROUP, INC. 401(K) PROFIT SHARING PLAN · CALEDONIA, MI · plan year 2024

Reported admin expense ratio · 2024
0.59%

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

Opus Packaging Group, Inc. reported $160,807 in plan administrative expenses for 2024: 0.59% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,245 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 0.67% to 0.59%. 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 792nd-largest of 2,619 plans among Michigan employers on file, and the 4,538th of 13,661 in manufacturing. In 2024, employees put in $1.90 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$29,491,456
Participants with balances715
Active participants637
Employer contributions$1,430,133
Employee contributions$2,715,909
Employer contribution per active participant$2,245
Average account balance$41,247
Benefits paid to participants$3,253,353
Plan auditUnmodified (clean) audit opinion
AuditorANDREWS HOOPER & PAVLIK PLC
Plan history3
Yearassets · accounts · employer contribution
2024$29.5M · 715 accts · $1.4M emplr
2023$24.8M · 703 accts · $1.5M emplr
2022$19.2M · 730 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$91,330
Investment management$67,781
Total administrative$160,807
The Opus Packaging Group, Inc. 401(k) match · 2024
Employer contribution per active participant$2,245
Median for plans this size$2,416
2024$2,245 per active participant
2023$2,309 per active participant
2022$2,080 per active participant

Opus Packaging Group, Inc.'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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$91,330
CAPFINANCIAL PARTNERS, L · Investment advisory (plan)$52,473
ANDREWS HOOPER PAVLIK PL · Investment advisory (plan)$13,692

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$160,807 · 0.59%
2023$129,508 · 0.59%
2022$118,141 · 0.67%
Same employer
Similar plansManufacturing · Michigan
The Spiratex Company MI$30.2M · 0.27%
Hilite International MI$30.1M · 0.32%
Flat Rock Metal MI$30.0M · 0.39%
Utica Enterprises, Inc. MI$30.0M · 0.00%
Kamax Inc. MI$29.3M · 0.15%
Novares US LLC MI$28.8M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 463981791 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.