Our Next Energy, Inc.401(k)
ONE 401(K) AND PROFIT SHARING PLAN · NOVI, MI · plan year 2024
Our Next Energy, Inc. reported $84,963 in plan administrative expenses for 2024: 1.07% of average plan assets, higher than ~75% of peers. 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 1 year on file its reported administrative ratio rose from 0.93% to 1.07%. 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 (1,675th of 2,619), and 9,538th of 13,661 in manufacturing.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 852051268 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.