Prein & Newhof401(k) + ESOP (KSOP)
PREIN&NEWHOF, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST · GRAND RAPIDS, MI · plan year 2024
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Prein & Newhof reported $87,847 in plan administrative expenses for 2024: 0.16% of average plan assets, above the peer median. Employer contributions averaged $4,279 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 0.20% to 0.16%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 457th-largest of 2,619 plans among Michigan employers on file, and the 2,387th of 11,654 in professional & technical services. In 2024, employees put in $2.72 for every $1.00 the employer contributed.
Prein & Newhof's 2024 employer contribution ran above the $3,635 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 381891590 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.