Plan Ledger DOL Form 5500 · updated monthly

Stageright Corporation401(k)

SRC AFFILIATED PROFIT SHARING 401(K) PLAN · CLARE, MI · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Stageright Corporation reported $81,603 in plan administrative expenses for 2024: 0.30% of average plan assets, above the peer median. Employer contributions averaged $2,146 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 0.36% to 0.30%. 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 833rd-largest of 2,619 plans among Michigan employers on file, and the 4,785th of 13,661 in manufacturing. In 2024, employees put in $2.30 for every $1.00 the employer contributed; active participation has grown from 200 to 249 since 2022.

Plan summary
Net assets, end of year$27,574,330
Participants with balances291
Active participants249
Employer contributions$534,375
Employee contributions$1,227,846
Employer contribution per active participant$2,146
Average account balance$94,757
Benefits paid to participants$3,628,495
Plan auditUnmodified (clean) audit opinion
AuditorWEINLANDER FITZHUGH
Plan history3
Yearassets · accounts · employer contribution
2024$27.6M · 291 accts · $534K emplr
2023$26.7M · 280 accts · $510K emplr
2022$23.2M · 266 accts · $475K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$66,149
Investment management$8,750
Total administrative$81,603
The Stageright Corporation 401(k) match · 2024
Employer contribution per active participant$2,146
Median for plans this size$2,416
2024$2,146 per active participant
2023$2,236 per active participant
2022$2,377 per active participant

Stageright Corporation'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 · 20242
EMPOWER ANNUITY INSURANCE COMPANY · Contract administrator · Recordkeeping$39,900
MMA SECURITIES LLC · Contract administrator · Investment advisory (plan)$35,000

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

Recordkeeper by year2
2024Empower
2023Prudential

This plan has changed recordkeepers within these filings. If you left Stageright Corporation before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$81,603 · 0.30%
2023$77,925 · 0.31%
2022$91,159 · 0.36%
Same employer
Similar plansManufacturing · Michigan
Metal Flow Corporation MI$28.0M · 0.39%
Perceptron, Inc. MI$27.9M · 0.19%
Fritz Enterprises, Inc. MI$27.6M · 0.30%
Kay Automotive Graphics MI$27.6M · 0.33%
Dadco, Inc. MI$26.3M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382513133 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.