Soave Enterprises, LLC401(k)
SOAVE ENTERPRISES L.L.C. SAVINGS AND PROFIT SHARING PLAN AND TRUST · DETROIT, MI · plan year 2022
Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works
Soave Enterprises, LLC reported $303,572 in plan administrative expenses for 2022: 0.35% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,806 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 0.35% to 0.24%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,341 comparable plans and shown alongside other management of companies employers. By assets it is the 353rd-largest of 2,619 plans among Michigan employers on file, and the 225th of 786 in management of companies. In 2022, employees put in $2.89 for every $1.00 the employer contributed.
Soave Enterprises, LLC's 2022 employer contribution ran below the $3,449 median for plans its size, in the bottom quarter of its peers. 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 383389446 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.