Plan Ledger DOL Form 5500 · updated monthly

Perfecto Industries, Inc.401(k)

PERFECTO INDUSTRIES, INC. PROFIT SHARING PLAN · GAYLORD, MI · plan year 2024

Reported admin expense ratio · 2024
0.15%

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

Perfecto Industries, Inc. reported $28,133 in plan administrative expenses for 2024: 0.15% of average plan assets, below the peer median. Employer contributions averaged $4,916 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 0.01% to 0.15%. 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 1,043rd-largest of 2,619 plans among Michigan employers on file, and the 5,978th of 13,661 in manufacturing. In 2024, employees put in $1.31 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$19,740,734
Participants with balances112
Active participants94
Employer contributions$462,115
Employee contributions$605,002
Employer contribution per active participant$4,916
Average account balance$176,257
Benefits paid to participants$2,312,608
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$19.7M · 112 accts · $462K emplr
2023$18.0M · 118 accts · $520K emplr
2022$14.7M · 119 accts · $506K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$300
Investment management$2,878
Audit (IQPA)$24,955
Total administrative$28,133
The Perfecto Industries, Inc. 401(k) match · 2024
Employer contribution per active participant$4,916
Median for plans this size$2,416
2024$4,916 per active participant
2023$5,095 per active participant
2022$5,010 per active participant

Perfecto Industries, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
REHMANN ROBSON LLC · Accounting / audit$24,955

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$28,133 · 0.15%
2023$2,684 · 0.02%
2022$1,618 · 0.01%
Similar plansManufacturing · Michigan
Manthei, Inc. MI$20.1M · 0.39%
Mssc, Inc. MI$20.0M · 0.00%
Innotec Corp MI$19.9M · 0.04%
Lanzen, Inc. MI$19.8M · 0.32%
Espec North America, Inc. MI$19.7M · 0.45%
Michigan Turkey Producers MI$19.7M · 0.60%

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Source: U.S. Department of Labor, Form 5500 series, EIN 311034000 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.