Plan Ledger DOL Form 5500 · updated monthly

Saginaw Products Corporation401(k)

SAGINAW PRODUCTS CORPORATION 401(K) PLAN · SAGINAW, MI · plan year 2025

Reported admin expense ratio · 2025
0.35%

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

Saginaw Products Corporation reported $48,872 in plan administrative expenses for 2025: 0.35% of average plan assets, above the peer median. Employer contributions averaged $1,352 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 0.33% to 0.35%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,282nd-largest of 2,619 plans among Michigan employers on file, and 7,293rd of 13,661 in manufacturing. In 2025, employees put in $3.60 for every $1.00 the employer contributed; active participation has grown from 111 to 124 since 2023.

Plan summary
Net assets, end of year$14,309,521
Participants with balances127
Active participants124
Employer contributions$167,610
Employee contributions$602,759
Employer contribution per active participant$1,352
Average account balance$112,673
Benefits paid to participants$1,771,292
Plan auditUnmodified (clean) audit opinion
AuditorYEO & YEO
Plan history3
Yearassets · accounts · employer contribution
2025$14.3M · 127 accts · $168K emplr
2024$13.4M · 126 accts · $155K emplr
2023$11.1M · 125 accts · $133K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$14,942
Investment management$33,930
Total administrative$48,872
The Saginaw Products Corporation 401(k) match · 2025
Employer contribution per active participant$1,352
Median for plans this size$2,666
2025$1,352 per active participant
2024$1,290 per active participant
2023$1,202 per active participant

Saginaw Products Corporation's 2025 employer contribution ran below the $2,666 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20252
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$14,942
MORGAN STANLEY · Investment advisory (plan) · Consulting$33,930

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

Recordkeeper by year3
2025Transamerica
2024Transamerica
2023Transamerica

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

Administrative cost history3
2025$48,872 · 0.35%
2024$42,589 · 0.35%
2023$33,497 · 0.33%
Same employer
Similar plansManufacturing · Michigan
Getman Corporation MI$14.4M · 0.24%
Century, LLC. MI$14.3M · 0.52%
Federal Screw Works MI$14.3M · 0.40%
Windsor Mold USA Inc. MI$14.2M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 380996020 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.