Plan Ledger DOL Form 5500 · updated monthly

Scherdel Sales & Technology, Inc.401(k)

SCHERDEL SALES & TECHNOLOGY 401(K) PLAN · MUSKEGON, MI · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Scherdel Sales & Technology, Inc. reported $14,856 in plan administrative expenses for 2024: 0.23% of average plan assets, below the peer median. Employer contributions averaged $1,994 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 0.26% to 0.23%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Michigan (1,760th of 2,619), and 9,963rd of 13,661 in manufacturing. In 2024, employees put in $1.81 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,367,083
Participants with balances113
Active participants145
Employer contributions$289,197
Employee contributions$523,090
Employer contribution per active participant$1,994
Average account balance$65,195
Benefits paid to participants$403,812
Plan auditUnmodified (clean) audit opinion
AuditorBRICKLEY DELONG
Plan history3
Yearassets · accounts · employer contribution
2024$7.4M · 113 accts · $289K emplr
2023$5.8M · 105 accts · $256K emplr
2022$3.8M · 94 accts · $216K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,828
Investment management$13,028
Total administrative$14,856
The Scherdel Sales & Technology, Inc. 401(k) match · 2024
Employer contribution per active participant$1,994
Median for plans this size$1,313
2024$1,994 per active participant
2023$1,806 per active participant
2022$1,546 per active participant

Scherdel Sales & Technology, Inc.'s 2024 employer contribution ran above the $1,313 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
ASCENSUS LLC · Recordkeeping$1,828
RAYMOND JAMES AND ASSOCIATES · Investment advisory (plan)$13,028

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

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

Administrative cost history3
2024$14,856 · 0.23%
2023$12,084 · 0.25%
2022$11,019 · 0.26%
Similar plansManufacturing · Michigan
Anderson-Cook, Inc. MI$7.4M · 0.55%
Kings & Convicts Bp LLC MI$7.3M · 0.63%
Nbhx Trim USA Corporation MI$7.3M · 0.46%
Reed City Group, LLC MI$7.3M · 0.68%
Greene Group Industries MI$7.2M · 0.63%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383333121 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.