Plan Ledger DOL Form 5500 · updated monthly

Preston Feather Building Centers401(k)

PRESTON FEATHER BUILDING CENTERS 401(K) PROFIT SHARING PLAN · PETOSKEY, MI · plan year 2025

Reported admin expense ratio · 2025
0.47%

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

Preston Feather Building Centers reported $48,600 in plan administrative expenses for 2025: 0.47% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,940 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 4 years on file its reported administrative ratio has held roughly steady near 0.47%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Michigan (1,451st of 2,619), and the 2,397th of 5,215 in retail trade. In 2025, employees put in $2.92 for every $1.00 the employer contributed; active participation has grown from 114 to 134 since 2022.

Plan summary
Net assets, end of year$11,293,739
Participants with balances155
Active participants134
Employer contributions$259,963
Employee contributions$760,224
Employer contribution per active participant$1,940
Average account balance$72,863
Benefits paid to participants$808,847
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$11.3M · 155 accts · $260K emplr
2024$9.3M · 139 accts · $237K emplr
2023$8.9M · 142 accts · $229K emplr
2022$7.2M · 142 accts · $213K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$8,888
Investment management$39,712
Total administrative$48,600
The Preston Feather Building Centers 401(k) match · 2025
Employer contribution per active participant$1,940
Median for plans this size$2,666
2025$1,940 per active participant
2024$2,008 per active participant
2023$1,961 per active participant
2022$1,868 per active participant

Preston Feather Building Centers's 2025 employer contribution ran below the $2,666 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20251
GREENLEAF TRUST · Recordkeeping · Trustee$48,600

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year3
2025GREENLEAF TRUST
2024GREENLEAF TRUST
2023GREENLEAF TRUST

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Administrative cost history4
2025$48,600 · 0.47%
2024$46,646 · 0.51%
2023$39,005 · 0.48%
2022$37,118 · 0.49%
Same employer
Similar plansRetail Trade · Michigan
Bob Maxey Lincoln, Inc. MI$11.6M · 0.68%
Borgman Ford Sales, Inc. MI$11.5M · 0.47%
Family Farm and Home, Inc MI$11.4M · 0.60%
English Gardens Group, Inc. MI$11.1M · 0.42%
Tri County Equipment MI$11.0M · 0.00%
The Pond Guy, Inc. MI$10.9M · 0.81%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382260592 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.