Plan Ledger DOL Form 5500 · updated monthly

Powder Cote II, Inc.401(k)

POWDER COTE II, INC. 401(K) SAVINGS PLAN · MOUNT CLEMENS, MI · plan year 2024

Reported admin expense ratio · 2024
0.59%

Powder Cote II, Inc. reported $20,210 in plan administrative expenses for 2024: 0.59% of average plan assets, above the peer median. 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 0.53% to 0.59%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Michigan (2,168th of 2,619), and 10,301st of 11,654 in professional & technical services. active participation has grown from 181 to 224 since 2022.

Plan summary
Net assets, end of year$3,656,413
Participants with balances118
Active participants224
Employer contributions—
Employee contributions$245,999
Employer contribution per active participant—
Average account balance$30,987
Benefits paid to participants$141,140
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.7M · 118 accts
2023$3.1M · 126 accts
2022$2.8M · 116 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,210
Total administrative$20,210
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 · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$20,210

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$20,210 · 0.59%
2023$17,151 · 0.58%
2022$17,150 · 0.53%
Same employer
Similar plansProfessional & Technical Services · Michigan
Cislo Title Company MI$4.1M · 1.10%
Telnet Worldwide, Inc. MI$4.1M · 1.31%
Mvc Mso LLC MI$4.0M · 0.32%
24G, LLC MI$3.5M · 0.29%
123. Net, Inc MI$3.3M · 0.27%
Lakeshore Legal Aid MI$3.2M · 0.16%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 382622430 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.