Plan Ledger DOL Form 5500 · updated monthly

Sign, Pictorial and Display Union Local 591 Supplemental PensionMoney purchase plan

SIGN, PICTORIAL AND DISPLAY UNION LOCAL 591 SUPPLEMENTAL PENSION FUND · BINGHAM FARMS, MI · plan year 2022

Reported admin expense ratio · 2022
2.28%

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

Sign, Pictorial and Display Union Local 591 Supplemental Pension reported $63,198 in plan administrative expenses for 2022: 2.28% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,862 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 2.28% to 2.41%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Michigan (2,294th of 2,619), and 4,630th of 5,337 in construction.

Plan summary
Net assets, end of year$2,640,325
Participants with balances100
Active participants49
Employer contributions$91,230
Employee contributions—
Employer contribution per active participant$1,862
Average account balance$26,403
Benefits paid to participants$396,715
Plan auditUnmodified (clean) audit opinion
AuditorBENDA, GRACE, STULZ & COMPANY, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$2.6M · 101 accts · $66K emplr
2023$2.6M · 99 accts · $76K emplr
2022$2.6M · 100 accts · $91K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$12,610
Investment management$16,502
Professional / advisory$27,186
Total administrative$63,198
Employer contributions to the Sign, Pictorial and Display Union Local 591 Supplemental Pension plan · 2022
Employer contribution per active participant$1,862
Median for plans this size$1,114
2024$2,200 per active participant
2023$1,544 per active participant
2022$1,862 per active participant

Sign, Pictorial and Display Union Local 591 Supplemental Pension's 2022 employer contribution ran above the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024$62,457 · 2.41%
2023$56,966 · 2.18%
2022$63,198 · 2.28%
Similar plansConstruction · Michigan
Jde Concrete Inc. MI$3.0M · 0.44%
Hard Rock Stone Works MI$2.7M · 0.27%
Roco Management MI$2.7M · 1.67%
Audrik Inc. MI$1.3M · 0.19%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 382256143 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.