Plan Ledger DOL Form 5500 · updated monthly

Same Day Delivery, Inc.401(k)

SAME DAY DELIVERY 401(K) PLAN · GRAND RAPIDS, MI · plan year 2024

Reported admin expense ratio · 2024
1.43%

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

Same Day Delivery, Inc. reported $31,239 in plan administrative expenses for 2024: 1.43% of average plan assets, higher than ~90% of peers. Employer contributions averaged $499 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 1.58% to 1.43%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Michigan (2,317th of 2,619), and 2,038th of 2,677 in transportation & warehousing. In 2024, employees put in $5.86 for every $1.00 the employer contributed; active participation has shrunk from 113 to 91 since 2022.

Plan summary
Net assets, end of year$2,405,351
Participants with balances110
Active participants91
Employer contributions$45,383
Employee contributions$266,104
Employer contribution per active participant$499
Average account balance$21,867
Benefits paid to participants$264,729
Plan auditUnmodified (clean) audit opinion
AuditorDK WEISS, HOLT & ASSOCIATES, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$2.4M · 110 accts · $45K emplr
2023$2.0M · 106 accts · $75K emplr
2022$1.6M · 168 accts · $77K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,138
Investment management$8,595
Audit (IQPA)$9,506
Total administrative$31,239
The Same Day Delivery, Inc. 401(k) match · 2024
Employer contribution per active participant$499
Median for plans this size$1,313
2024$499 per active participant
2023$728 per active participant
2022$681 per active participant

Same Day Delivery, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20243
NEWPORT GROUP, INC. · Recordkeeping$13,138
D.K. WEISS, HOLT & ASSOCIATES · Accounting / audit$9,506
PNC INSTITUTIONAL ASSET MANAGEMENT · Investment advisory (plan)$8,595

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)

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

Administrative cost history3
2024$31,239 · 1.43%
2023$33,078 · 1.85%
2022$27,000 · 1.58%
Same employer
Similar plansTransportation & Warehousing · Michigan
Rls Hutt Regional LLC MI$3.1M · 0.51%
Blue Water Trucking, Inc. MI$2.8M · 1.26%
Ralph Moyle, Inc. MI$2.2M · 0.90%
Sweet Express, LLC MI$1.8M · 2.07%
Koleaseco, Inc. MI$1.7M · 0.85%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 382572989 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.