Preferred Plastics, Inc.401(k)
PREFERRED PLASTICS INC. 401(K) PLAN · PLAINWELL, MI · plan year 2022
Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works
Preferred Plastics, Inc. reported $73,233 in plan administrative expenses for 2022: 0.59% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,848 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 fell from 0.59% to 0.35%. 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 among the smaller plans on file in Michigan (1,513th of 2,619), and 8,583rd of 13,661 in manufacturing. In 2022, employees put in $1.67 for every $1.00 the employer contributed.
Preferred Plastics, Inc.'s 2022 employer contribution ran above the $2,266 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.
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 383127377 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.