Plan Ledger DOL Form 5500 · updated monthly

Pipp Mobile Storage Systems, Inc401(k)

PIPP MOBILE STORAGE SYSTEMS 401(K) RETIREMENT PLAN · WALKER, MI · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Pipp Mobile Storage Systems, Inc reported $12,591 in plan administrative expenses for 2024: 0.09% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,608 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 0.08% to 0.09%. 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 1,291st-largest of 2,619 plans among Michigan employers on file, and 7,335th of 13,661 in manufacturing. In 2024, employees put in $1.95 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,171,544
Participants with balances188
Active participants143
Employer contributions$516,001
Employee contributions$1,005,580
Employer contribution per active participant$3,608
Average account balance$75,381
Benefits paid to participants$1,271,207
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.2M · 188 accts · $516K emplr
2023$12.4M · 191 accts · $446K emplr
2022$9.9M · 165 accts · $387K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,591
Total administrative$12,591
The Pipp Mobile Storage Systems, Inc 401(k) match · 2024
Employer contribution per active participant$3,608
Median for plans this size$2,416
2024$3,608 per active participant
2023$2,858 per active participant
2022$2,867 per active participant

Pipp Mobile Storage Systems, Inc'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 · 20243
ADP, INC. · Loan processing · Recordkeeping$12,591
ADP BROKER-DEALERindirect comp
CADARET , GRANT AND COMPANY · Other servicesindirect comp

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
2023ADP

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

Administrative cost history3
2024$12,591 · 0.09%
2023$9,963 · 0.09%
2022$8,323 · 0.08%
Same employer
Similar plansManufacturing · Michigan
Federal Screw Works MI$14.3M · 0.40%
Windsor Mold USA Inc. MI$14.2M · 0.42%
Ptm Corporation MI$14.0M · 0.53%

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Source: U.S. Department of Labor, Form 5500 series, EIN 202370238 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.