Peterson American Corporation401(k)
PETERSON AMERICAN 401(K) SAVINGS PLAN · SOUTHFIELD, MI · plan year 2022
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Peterson American Corporation reported $3,117 in plan administrative expenses for 2022: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $748 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 0.01% to 0.03%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,145th-largest of 2,619 plans among Michigan employers on file, and the 6,520th of 13,661 in manufacturing. In 2022, employees put in $4.17 for every $1.00 the employer contributed.
Peterson American Corporation's 2022 employer contribution ran below the $2,266 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.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 340909874 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.