Plan Ledger DOL Form 5500 · updated monthly

Schupan & Sons, Inc.401(k)

SCHUPAN & SONS, INC. PROFIT SHARING AND 401(K) SAVINGS PLAN · KALAMAZOO, MI · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Schupan & Sons, Inc. reported $133,158 in plan administrative expenses for 2024: 0.36% of average plan assets, above the peer median. Employer contributions averaged $1,855 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 0.22% to 0.36%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 620th-largest of 2,619 plans among Michigan employers on file, and the 3,677th of 13,661 in manufacturing. In 2024, employees put in $2.74 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$39,988,690
Participants with balances648
Active participants539
Employer contributions$999,892
Employee contributions$2,735,977
Employer contribution per active participant$1,855
Average account balance$61,711
Benefits paid to participants$3,272,607
Plan auditUnmodified (clean) audit opinion
AuditorBDO USA PC
Plan history3
Yearassets · accounts · employer contribution
2024$40.0M · 648 accts · $1000K emplr
2023$34.8M · 859 accts · $962K emplr
2022$27.8M · 831 accts · $888K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$34,519
Investment management$98,639
Total administrative$133,158
The Schupan & Sons, Inc. 401(k) match · 2024
Employer contribution per active participant$1,855
Median for plans this size$2,416
2024$1,855 per active participant
2023$1,717 per active participant
2022$1,567 per active participant

Schupan & Sons, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20241
GREENLEAF TRUST · Recordkeeping · Trustee$133,158

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

Recordkeeper by year2
2024GREENLEAF TRUST
2023GREENLEAF TRUST

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

Administrative cost history3
2024$133,158 · 0.36%
2023$99,831 · 0.32%
2022$65,238 · 0.22%
Same employer
Similar plansManufacturing · Michigan
Walbro LLC MI$40.8M · 0.03%
Autodie LLC MI$40.1M · 0.06%
Nikon Metrology, Inc. MI$39.8M · 0.30%
Maxitrol Company MI$39.7M · 0.23%
Mac Valves, Inc. MI$39.5M · 0.30%
Progressive Surface, Inc. MI$39.5M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382116904 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.