Plan Ledger DOL Form 5500 · updated monthly

Schneiderman & Sherman, P.C.401(k)

SCHNEIDERMAN & SHERMAN/BEST HOMES TITLE AGENCY 401(K) PLAN · FARMINGTON HILLS, MI · plan year 2024

Reported admin expense ratio · 2024
0.61%

Schneiderman & Sherman, P.C. reported $23,207 in plan administrative expenses for 2024: 0.61% of average plan assets, above the peer median. 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 0.75% to 0.61%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Michigan (2,105th of 2,619), and 10,108th of 11,654 in professional & technical services. In 2024, employees put in $4.37 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,155,407
Participants with balances0
Active participants—
Employer contributions$65,530
Employee contributions$286,100
Employer contribution per active participant—
Average account balance—
Benefits paid to participants$178,222
Plan history3
Yearassets · accounts · employer contribution
2024$4.2M · $66K emplr
2023$3.5M · 97 accts · $65K emplr
2022$3.2M · 104 accts · $76K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,073
Investment management$9,134
Total administrative$23,207
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
FIFTH THIRD BANK · Investment advisory (plan)$9,134

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

Administrative cost history3
2024$23,207 · 0.61%
2023$26,965 · 0.80%
2022$24,945 · 0.75%
Similar plansProfessional & Technical Services · Michigan
Powervac of Michigan MI$4.3M · 0.36%
4D Systems, LLC MI$4.3M · 0.05%
Vickers Engineering, Inc. MI$4.2M · 1.24%
Cislo Title Company MI$4.1M · 1.10%
Telnet Worldwide, Inc. MI$4.1M · 1.31%
Mvc Mso LLC MI$4.0M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383267617 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.