Plan Ledger DOL Form 5500 · updated monthly

Sterling Management, LTD.401(k)

STERLING MANAGEMENT, LTD. 401(K) PLAN · MISHAWAKA, IN · plan year 2024

Reported admin expense ratio · 2024
0.63%

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

Sterling Management, LTD. reported $108,677 in plan administrative expenses for 2024: 0.63% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,150 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 0.91% to 0.63%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 604th-largest of 1,562 plans among Indiana employers on file, and the 726th of 2,096 in real estate & leasing. In 2024, employees put in $4.34 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$18,260,573
Participants with balances411
Active participants333
Employer contributions$383,056
Employee contributions$1,661,114
Employer contribution per active participant$1,150
Average account balance$44,430
Benefits paid to participants$2,627,196
Plan auditUnmodified (clean) audit opinion
AuditorL.M. HENDERSON & COMPANY, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$18.3M · 411 accts · $383K emplr
2023$16.1M · 396 accts · $348K emplr
2022$12.1M · 397 accts · $299K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$108,677
Total administrative$108,677
The Sterling Management, LTD. 401(k) match · 2024
Employer contribution per active participant$1,150
Median for plans this size$2,416
2024$1,150 per active participant
2023$1,058 per active participant
2022$961 per active participant

Sterling Management, LTD.'s 2024 employer contribution ran below the $2,416 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.

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 · 20241
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$7,881

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$108,677 · 0.63%
2023$103,250 · 0.73%
2022$117,790 · 0.91%
Same employer
Similar plansReal Estate & Leasing · Indiana
F.C. Tucker Company LLC. IN$26.6M · 0.00%
Kpg Corp. IN$22.9M · 0.53%
Premier Forge Group, LLC IN$17.5M · 0.27%
Milhaus Development, LLC IN$17.1M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351494125 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.