Plan Ledger DOL Form 5500 · updated monthly

Saf-Holland, Inc.401(k)

SAF-HOLLAND, INC. 401(K) SAVINGS PLAN · MUSKEGON, MI · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Saf-Holland, Inc. reported $107,542 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $3,032 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 rose from 0.10% to 0.13%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 344th-largest of 2,619 plans among Michigan employers on file, and the 2,176th of 13,661 in manufacturing. In 2024, employees put in $1.95 for every $1.00 the employer contributed; active participation has shrunk from 919 to 644 since 2022.

Plan summary
Net assets, end of year$83,390,735
Participants with balances1,015
Active participants644
Employer contributions$1,952,638
Employee contributions$3,799,409
Employer contribution per active participant$3,032
Average account balance$82,158
Benefits paid to participants$15,245,103
Plan auditUnmodified (clean) audit opinion
AuditorHUNGERFORD
Plan history4
Yearassets · accounts · employer contribution
2025$0 · $1.2M emplr
2024$83.4M · 1,015 accts · $2.0M emplr
2023$82.6M · 1,332 accts · $1.9M emplr
2022$72.5M · 1,252 accts · $1.6M emplr
The Saf-Holland, Inc. 401(k) match · 2024
Employer contribution per active participant$3,032
Median for plans this size$3,635
2024$3,032 per active participant
2023$1,917 per active participant
2022$1,730 per active participant

Saf-Holland, Inc.'s 2024 employer contribution ran below the $3,635 median for plans its size. 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 · 20242
THE VANGUARD GROUP, INC. · Recordkeeping · Consulting$66,277
VANGUARD ADVISERS INC. · Investment advisory (participants)$50,115

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

Recordkeeper by year3
2025Vanguard
2024Vanguard
2023Vanguard

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

Administrative cost history4
2025Not separately reported
2024$107,542 · 0.13%
2023$93,770 · 0.12%
2022$82,416 · 0.10%
Same employer
Similar plansManufacturing · Michigan
Ai-Cares, LLC MI$87.4M · 0.23%
Auria Solutions USA, Inc. MI$86.5M · 0.15%
US Farathane, LLC MI$86.4M · 0.28%
Bridgewater Interiors, LLC MI$83.5M · 0.18%
Stiles Machinery, Inc. MI$83.2M · 0.09%
Niterra North America, Inc. MI$82.2M · 0.05%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 380655810 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.