Plan Ledger DOL Form 5500 · updated monthly

Peak Management LLC401(k)

PEAK MANAGMENT LLC 401(K) PROFIT SHARING PLAN & TRUST · FERNDALE, MI · plan year 2024

Reported admin expense ratio · 2024
1.12%

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

Peak Management LLC reported $30,398 in plan administrative expenses for 2024: 1.12% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,637 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 1 year on file its reported administrative ratio rose from 0.97% to 1.12%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in Michigan (2,247th of 2,619), and 1,719th of 2,096 in real estate & leasing. In 2024, employees put in $2.07 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,054,403
Participants with balances139
Active participants126
Employer contributions$206,212
Employee contributions$425,938
Employer contribution per active participant$1,637
Average account balance$21,974
Benefits paid to participants$313,100
Plan auditUnmodified (clean) audit opinion
AuditorSCHREIBER ADVISORS P.C.
Plan history2
Yearassets · accounts · employer contribution
2024$3.1M · 139 accts · $206K emplr
2023$2.4M · 139 accts · $145K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,570
Investment management$20,828
Total administrative$30,398
The Peak Management LLC 401(k) match · 2024
Employer contribution per active participant$1,637
Median for plans this size$1,313
2024$1,637 per active participant
2023$1,482 per active participant

Peak Management LLC's 2024 employer contribution ran above the $1,313 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 · 20242
ADP, INC. · Loan processing · Recordkeeping$21,436
ROYAL ALLIANCE ASSOCIATES, INC. · Recordkeeping · Trustee$8,961

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

Recordkeeper by year2
2024ADP, ROYAL ALLIANCE ASSOCIATES, INC.
2023ADP, SAGEPOINT FINANCIAL, INC.

This plan has changed recordkeepers within these filings. If you left Peak Management LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history2
2024$30,398 · 1.12%
2023$20,357 · 0.97%
Same employer
Similar plansReal Estate & Leasing · Michigan
Hayman Company MI$4.0M · 0.93%
First Housing Corporation MI$3.8M · 0.01%
The Tobin Group MI$3.6M · 0.33%
Mrd Apartments, LLC MI$2.8M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 202547143 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.