Plan Ledger DOL Form 5500 · updated monthly

Rowley Brothers, Inc401(k)

ROWLEY 401(K) PLAN · BAY CITY, MI · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

Rowley Brothers, Inc reported $108,137 in plan administrative expenses for 2024: 0.43% of average plan assets, above the peer median. Employer contributions averaged $1,293 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 2 years on file its reported administrative ratio fell from 0.52% to 0.43%. 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 843rd-largest of 2,619 plans among Michigan employers on file, and the 1,471st of 4,246 in wholesale trade. In 2024, employees put in $2.50 for every $1.00 the employer contributed; active participation has grown from 269 to 313 since 2022.

Plan summary
Net assets, end of year$27,232,996
Participants with balances235
Active participants313
Employer contributions$404,705
Employee contributions$1,009,958
Employer contribution per active participant$1,293
Average account balance$115,885
Benefits paid to participants$593,968
Plan auditUnmodified (clean) audit opinion
AuditorWEINLANDER FITZHUGH
Plan history3
Yearassets · accounts · employer contribution
2024$27.2M · 235 accts · $405K emplr
2023$23.1M · 238 accts · $394K emplr
2022$19.2M · 227 accts · $710K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,826
Investment management$62,190
Audit (IQPA)$14,600
Trustee / custodial$7,521
Total administrative$108,137
The Rowley Brothers, Inc 401(k) match · 2024
Employer contribution per active participant$1,293
Median for plans this size$2,416
2024$1,293 per active participant
2023$1,219 per active participant
2022$2,639 per active participant

Rowley Brothers, Inc's 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
NEWPORT GROUP, INC. · Recordkeeping$23,826
TRI STAR TRUST BANK · Accounting / audit · Investment advisory (plan)$62,190
WEINLANDER FITZHUGH · Accounting / audit$14,600
NEWPORT TRUST COMPANY · Trustee · Trustee (directed)$7,521

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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Administrative cost history3
2024$108,137 · 0.43%
2023$91,043 · 0.43%
2022$101,458 · 0.52%
Similar plansWholesale Trade · Michigan
H. H. Barnum Company MI$31.2M · 0.25%
Kmw Group, Inc. MI$31.1M · 0.25%
365 Retail Markets, LLC MI$28.6M · 0.27%
Brighton Employment, Inc. MI$26.7M · 0.31%
Idn Global, Inc. MI$25.7M · 0.24%
Medler Electric Company MI$25.3M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381548597 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.