Plan Ledger DOL Form 5500 · updated monthly

Orbis Holdings Group, LLC401(k)

ORBIS HOLDINGS GROUP, LLC 401(K) SAVINGS & INVESTMENT PLAN · ST. CLAIR, MI · plan year 2023

Reported admin expense ratio · 2023
0.62%

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

Orbis Holdings Group, LLC reported $49,961 in plan administrative expenses for 2023: 0.62% of average plan assets, above the peer median. Employer contributions averaged $337 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 rose from 0.86% to 1.31%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Michigan (1,639th of 2,619), and the 1,095th of 2,534 in administrative & support services. In 2023, employees put in $2.82 for every $1.00 the employer contributed; active participation has grown from 331 to 785 since 2022.

Plan summary
Net assets, end of year$8,677,883
Participants with balances241
Active participants785
Employer contributions$264,347
Employee contributions$745,674
Employer contribution per active participant$337
Average account balance$36,008
Benefits paid to participants$925,280
Plan auditUnmodified (clean) audit opinion
AuditorUHY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$7.8M · 157 accts · $134K emplr
2023$8.7M · 241 accts · $264K emplr
2022$7.4M · 214 accts · $223K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$30,668
Investment management$19,293
Total administrative$49,961
The Orbis Holdings Group, LLC 401(k) match · 2023
Employer contribution per active participant$337
Median for plans this size$1,308
2024$190 per active participant
2023$337 per active participant
2022$675 per active participant

Orbis Holdings Group, LLC's 2023 employer contribution ran below the $1,308 median for plans its size, in the bottom 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
TRANSAMERICA RETIREMENT SOLUTIONS, · Recordkeeping · Loan processing$30,668
M HOLDING SECURITIES, INC. · Investment advisory (plan)$19,293

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$108,339 · 1.31%
2023$49,961 · 0.62%
2022$69,158 · 0.86%
Similar plansAdministrative & Support Services · Michigan
Trucent, Inc. MI$12.0M · 0.57%
Satellite Services, Inc. MI$9.0M · 0.65%
Keystone HR LLC MI$8.6M · 0.72%
Kobe Steel USA Inc. MI$7.9M · 0.69%
Blue Chip Talent MI$7.9M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383279069 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.