Plan Ledger DOL Form 5500 · updated monthly

Rassini International, Inc.401(k)

RASSINI 401K PLAN · PLYMOUTH, MI · plan year 2024

Reported admin expense ratio · 2024
0.69%

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

Rassini International, Inc. reported $128,637 in plan administrative expenses for 2024: 0.69% of average plan assets, higher than ~90% of peers. Employer contributions averaged $4,609 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 3 years on file its reported administrative ratio has held roughly steady near 0.69%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 1,036th-largest of 2,619 plans among Michigan employers on file, and the 1,888th of 4,246 in wholesale trade. In 2024, the employer put in $1.03 for every $1.00 employees contributed themselves; active participation has grown from 96 to 132 since 2022.

Plan summary
Net assets, end of year$19,995,273
Participants with balances309
Active participants132
Employer contributions$608,450
Employee contributions$592,445
Employer contribution per active participant$4,609
Average account balance$64,710
Benefits paid to participants$558,155
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$20.0M · 309 accts · $608K emplr
2023$17.1M · 255 accts · $520K emplr
2022$14.6M · 260 accts · $422K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$128,637
Total administrative$128,637
The Rassini International, Inc. 401(k) match · 2024
Employer contribution per active participant$4,609
Median for plans this size$2,416
2024$4,609 per active participant
2023$4,683 per active participant
2022$4,392 per active participant

Rassini International, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
JOHN HANCOCK USA · Recordkeeping$402

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$128,637 · 0.69%
2023$111,469 · 0.70%
2022$106,831 · 0.67%
Similar plansWholesale Trade · Michigan
Alpine Power Systems, Inc. MI$21.5M · 0.01%
H & P Technologies, Inc. MI$21.4M · 0.34%
Mid-States Bolt & Screw Co. MI$20.8M · 0.61%
Terminal Supply Co. MI$20.5M · 0.05%
O & W, Inc. MI$18.6M · 0.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382481025 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.