Plan Ledger DOL Form 5500 · updated monthly

Reliance One, Inc.401(k)

RELIANCE ONE 401(K) PLAN · AUBURN HILLS, MI · plan year 2023

Reported admin expense ratio · 2023
1.22%

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

Reliance One, Inc. reported $53,859 in plan administrative expenses for 2023: 1.22% of average plan assets, higher than ~90% of peers. Employer contributions averaged $192 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 1.21%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Michigan (1,991st of 2,619), and 2,279th of 3,341 in other services. In 2023, employees put in $25.42 for every $1.00 the employer contributed; active participation has shrunk from 267 to 229 since 2022.

Plan summary
Net assets, end of year$5,068,026
Participants with balances304
Active participants229
Employer contributions$43,889
Employee contributions$1,115,610
Employer contribution per active participant$192
Average account balance$16,671
Benefits paid to participants$489,515
Plan auditUnmodified (clean) audit opinion
AuditorDOEREN MAYHEW
Plan history3
Yearassets · accounts · employer contribution
2024$5.0M · 243 accts · $42K emplr
2023$5.1M · 304 accts · $44K emplr
2022$3.7M · 321 accts · $44K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$38,532
Investment management$12,826
Trustee / custodial$931
Total administrative$53,859
The Reliance One, Inc. 401(k) match · 2023
Employer contribution per active participant$192
Median for plans this size$1,308
2024$203 per active participant
2023$192 per active participant
2022$166 per active participant

Reliance One, Inc.'s 2023 employer contribution ran below the $1,308 median for plans its size, in the bottom 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
SENTINEL BENEFITS GROUP, INC. · Recordkeeping · Consulting$38,532
SENTINEL PENSION ADVISORS · Investment advisory (plan)$12,826
CHARLES SCHWAB TRUST BANK · Custodial (securities)$2,501

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

Recordkeeper by year2
2024Sentinel Group
2023Sentinel Group

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

Administrative cost history3
2024$60,607 · 1.21%
2023$53,859 · 1.22%
2022$42,008 · 1.18%
Same employer
Similar plansOther Services · Michigan
Forgotten Harvest, Inc. MI$5.0M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383502806 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.