SECURE-24, LLC401(k)
SECURE-24 RETIREMENT PLAN · SOUTHFIELD, MI · plan year 2023
Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works
SECURE-24, LLC reported $3,850 in plan administrative expenses for 2023: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,970 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 1 year on file its reported administrative ratio rose from 0.008% to 0.010%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other information & media employers. By assets it is the 576th-largest of 2,619 plans among Michigan employers on file, and the 582nd of 2,199 in information & media. In 2023, employees put in $3.34 for every $1.00 the employer contributed.
SECURE-24, LLC's 2023 employer contribution ran below the $2,440 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 383630952 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.