Plan Ledger DOL Form 5500 · updated monthly

Ross Mortgage Corporation401(k)

ROSS MORTGAGE CORPORATION EMPLOYEE TAX DEFERRED SAVINGS PLAN - 401(K) · TROY, MI · plan year 2022

Reported admin expense ratio · 2022
0.04%

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

Ross Mortgage Corporation reported $2,538 in plan administrative expenses for 2022: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $180 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Michigan (1,932nd of 2,619), and 4,399th of 4,798 in finance & insurance. In 2022, employees put in $33.35 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,703,962
Participants with balances108
Active participants85
Employer contributions$15,297
Employee contributions$510,106
Employer contribution per active participant$180
Average account balance$52,814
Benefits paid to participants$203,775
Plan auditUnmodified (clean) audit opinion
AuditorBERGER, GHERSI & LADUKE PLC
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$778
Investment management$1,760
Total administrative$2,538
The Ross Mortgage Corporation 401(k) match · 2022
Employer contribution per active participant$180
Median for plans this size$1,114

Ross Mortgage Corporation's 2022 employer contribution ran below the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$2,538 · 0.04%
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Source: U.S. Department of Labor, Form 5500 series, EIN 381332826 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.