Plan Ledger DOL Form 5500 · updated monthly

Princeton Acquisition, LLC401(k)

PRINCETON ACQUISITION, LLC 401(K) PLAN · SOUTHFIELD, MI · plan year 2024

Reported admin expense ratio · 2024
1.06%

Princeton Acquisition, LLC reported $91,054 in plan administrative expenses for 2024: 1.06% of average plan assets, higher than ~75% of peers. 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 0.35% to 1.06%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in Michigan (1,586th of 2,619), and 1,155th of 2,096 in real estate & leasing.

Plan summary
Net assets, end of year$9,303,596
Participants with balances585
Active participants578
Employer contributions—
Employee contributions$1,421,796
Employer contribution per active participant—
Average account balance$15,904
Benefits paid to participants$701,623
Plan auditUnmodified (clean) audit opinion
AuditorCARNAGHI & SCHWARK, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$9.3M · 585 accts
2023$7.9M · 562 accts
2022$5.7M · 547 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$91,054
Total administrative$91,054
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$76,721
THE BENEFIT ADVANTAGE, INC. · Contract administrator · Other services$14,407
SCHECHTER INVESTMENT ADVISORS, LLC · Investment advisory (plan)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$91,054 · 1.06%
2023$46,315 · 0.68%
2022$20,177 · 0.35%
Same employer
Similar plansReal Estate & Leasing · Michigan
Star Truck Rentals, Inc. MI$13.2M · 0.58%
Rhp Staffing Company MI$12.3M · 0.94%
Liv Communities LLC MI$10.8M · 0.30%
Kkhc, Inc. MI$7.8M · 0.61%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383574888 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.