Plan Ledger DOL Form 5500 · updated monthly

Pgp Corporation401(k)

VOSS INDUSTRIES 401(K) RETIREMENT PLAN · TAYLOR, MI · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Pgp Corporation reported $50,570 in plan administrative expenses for 2024: 0.17% of average plan assets, below the peer median. Employer contributions averaged $2,804 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 0.19% to 0.17%. 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 775th-largest of 2,619 plans among Michigan employers on file, and the 4,417th of 13,661 in manufacturing. In 2024, employees put in $2.55 for every $1.00 the employer contributed; active participation has grown from 206 to 238 since 2022.

Plan summary
Net assets, end of year$30,668,921
Participants with balances224
Active participants238
Employer contributions$667,375
Employee contributions$1,699,085
Employer contribution per active participant$2,804
Average account balance$136,915
Benefits paid to participants$2,619,638
Plan auditUnmodified (clean) audit opinion
AuditorHARDING, SHYMANSKI & COMPANY, PSC
Plan history3
Yearassets · accounts · employer contribution
2024$30.7M · 224 accts · $667K emplr
2023$28.2M · 223 accts · $628K emplr
2022$25.5M · 218 accts · $552K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$35,575
Investment management$14,995
Total administrative$50,570
The Pgp Corporation 401(k) match · 2024
Employer contribution per active participant$2,804
Median for plans this size$2,416
2024$2,804 per active participant
2023$3,006 per active participant
2022$2,678 per active participant

Pgp Corporation's 2024 employer contribution ran above 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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$35,602
SHEPHERD FINANCIAL INVESTMENT · Investment advisory (plan)$14,995

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$50,570 · 0.17%
2023$49,680 · 0.19%
2022$50,048 · 0.19%
Same employer
Similar plansManufacturing · Michigan
Detroit Forming, Inc. MI$31.3M · 0.28%
Iroquois Industries, Inc. MI$31.2M · 0.43%
Fori Automation, LLC. MI$31.1M · 0.04%
Nucraft Furniture Co. MI$30.9M · 0.01%
Eaton Steel Bar Company MI$30.6M · 0.37%
The Spiratex Company MI$30.2M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382472855 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.