What are the fees in the Project Barfly, LLC 401(k) plan?

For plan year 2022, Project Barfly, LLC reported $3,642 in plan administrative expenses, or 1.76% of average plan assets — higher than ~75% of peers. Fund-level expense ratios are not included in public filings.

What is the average account balance in the Project Barfly, LLC 401(k)?

The average participant account balance was $6,894 for plan year 2022, based on 32 accounts.

Project Barfly, LLC401(k)

Name: Project Barfly, LLC 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

PROJECT BARFLY, LLC · GRAND RAPIDS, MI · plan year 2022

Reported admin expense ratio · 2022

1.76%

Project Barfly, LLC reported $3,642 in plan administrative expenses for 2022: 1.76% 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.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Michigan (2,585th of 2,619), and 2,046th of 2,240 in accommodation & food services.

Plan summary
Net assets, end of year$220,622
Participants with balances32
Active participants857
Employer contributions—
Employee contributions$92,209
Employer contribution per active participant—
Average account balance$6,894
Benefits paid to participants$20,370
Plan auditUnmodified (clean) audit opinion
AuditorCOULTER & JUSTUS

Administrative expenses, itemized · 2022

Recordkeeping & contract admin$3,642

Total administrative$3,642

What these fees cost you

Your balance

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1

2022$3,642 · 1.76%

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Compass Coffee LLC DC$227K · 0.91%
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Source: U.S. Department of Labor, Form 5500 series, EIN 853160426 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.