Plan Ledger DOL Form 5500 · updated monthly

Populus Group LLC401(k)

POPULUS GROUP, LLC 401(K) PROFIT SHARING PLAN AND TRUST · TROY, MI · plan year 2024

Reported admin expense ratio · 2024
0.56%

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

Populus Group LLC reported $654,175 in plan administrative expenses for 2024: 0.56% of average plan assets, higher than ~90% of peers. Employer contributions averaged $70 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 0.78% to 0.56%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other administrative & support services employers. By assets it is the 233rd-largest of 2,619 plans among Michigan employers on file, and the 136th of 2,534 in administrative & support services. In 2024, employees put in $64.66 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$124,560,553
Participants with balances6,706
Active participants5,917
Employer contributions$417,059
Employee contributions$26,966,498
Employer contribution per active participant$70
Average account balance$18,574
Benefits paid to participants$28,912,738
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$124.6M · 6,706 accts · $417K emplr
2023$109.3M · 6,325 accts · $266K emplr
2022$87.3M · 6,748 accts · $365K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$483,112
Investment management$171,063
Total administrative$654,175
The Populus Group LLC 401(k) match · 2024
Employer contribution per active participant$70
Median for plans this size$3,635
2024$70 per active participant
2023$52 per active participant
2022$65 per active participant

Populus Group LLC's 2024 employer contribution ran below the $3,635 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.

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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$474,187
CAPFINANCIAL PARTNERS · Investment advisory (plan) · Investment management$163,341
CLIFTONLARSONALLEN LLP · Accounting / audit$8,925
CLIFTONLARSONALLEN · Investment advisory (plan)$7,722

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$654,175 · 0.56%
2023$578,185 · 0.59%
2022$719,540 · 0.78%
Same employer
Similar plansAdministrative & Support Services · Michigan
Kelly Services, Inc MI$342.5M · 0.23%
Xenium Resources, Inc. OR$131.4M · 0.60%
Carylon Corporation IL$123.5M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383659021 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.