Sohn Linen ServiceProfit-sharing plan
SOHN LINEN SERVICE EMPLOYEES PROFIT SHARING PLAN · LANSING, MI · plan year 2023
Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works
Sohn Linen Service reported $31,357 in plan administrative expenses for 2023: 0.33% of average plan assets, below the peer median. Employer contributions averaged $4,239 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 3 years on file its reported administrative ratio has held roughly steady near 0.35%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Michigan (1,499th of 2,619), and the 1,603rd of 3,341 in other services. active participation has shrunk from 166 to 140 since 2022.
Sohn Linen Service's 2023 employer contribution ran above the $1,308 median for plans its size, placing it in the top 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 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.
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Source: U.S. Department of Labor, Form 5500 series, EIN 381050750 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.