Plan Ledger DOL Form 5500 · updated monthly

Park West Galleries, Inc.401(k)

PARK WEST GALLERIES, INC. 401K PLAN · SOUTHFIELD, MI · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Park West Galleries, Inc. reported $70,269 in plan administrative expenses for 2024: 0.35% of average plan assets, above the peer median. Employer contributions averaged $2,043 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 0.39% to 0.35%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 989th-largest of 2,619 plans among Michigan employers on file, and the 1,384th of 5,215 in retail trade. In 2024, employees put in $4.13 for every $1.00 the employer contributed; active participation has grown from 155 to 171 since 2022.

Plan summary
Net assets, end of year$21,316,352
Participants with balances205
Active participants171
Employer contributions$349,300
Employee contributions$1,442,229
Employer contribution per active participant$2,043
Average account balance$103,982
Benefits paid to participants$1,429,505
Plan auditUnmodified (clean) audit opinion
AuditorUHY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$21.3M · 205 accts · $349K emplr
2023$18.3M · 202 accts · $319K emplr
2022$14.7M · 184 accts · $297K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$31,987
Investment management$30,832
Trustee / custodial$7,085
Total administrative$70,269
The Park West Galleries, Inc. 401(k) match · 2024
Employer contribution per active participant$2,043
Median for plans this size$2,416
2024$2,043 per active participant
2023$1,874 per active participant
2022$1,917 per active participant

Park West Galleries, 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
SENTINEL BENEFITS GROUP, INC. · Recordkeeping · Consulting$31,987
SENTINEL PENSION ADVISORS · Consulting · Investment advisory (participants)$30,832
FIDELITY TRUST COMPANY · Custodial (securities) · Trustee$7,450

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

Recordkeeper by year2
2024Sentinel Group
2023Sentinel Group

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

Administrative cost history3
2024$70,269 · 0.35%
2023$61,501 · 0.37%
2022$60,535 · 0.39%
Similar plansRetail Trade · Michigan
Pat Milliken Ford, Inc. MI$21.8M · 0.02%
Tremec Corporation MI$21.6M · 0.53%
Varsity Lincoln Inc MI$19.2M · 0.17%
Marsh Automotive Group MI$19.1M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381941015 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.