Plan Ledger DOL Form 5500 · updated monthly

Suburban Employee Services, LLC401(k)

SUBURBAN COLLECTION 401(K) PLAN · TROY, MI · plan year 2023

Reported admin expense ratio · 2023
0.52%

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

Suburban Employee Services, LLC reported $304,998 in plan administrative expenses for 2023: 0.52% of average plan assets, higher than ~90% of peers. Employer contributions averaged $944 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 0.55%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other retail trade employers. By assets it is the 442nd-largest of 2,619 plans among Michigan employers on file, and the 549th of 5,215 in retail trade. In 2023, employees put in $3.84 for every $1.00 the employer contributed; active participation has grown from 806 to 909 since 2022.

Plan summary
Net assets, end of year$62,142,982
Participants with balances1,413
Active participants909
Employer contributions$858,237
Employee contributions$3,294,705
Employer contribution per active participant$944
Average account balance$43,979
Benefits paid to participants$6,447,662
Plan auditUnmodified (clean) audit opinion
AuditorCROWE, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$61.5M · 1,411 accts · $832K emplr
2023$62.1M · 1,413 accts · $858K emplr
2022$54.3M · 1,419 accts · $706K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$172,464
Investment management$132,534
Total administrative$304,998
The Suburban Employee Services, LLC 401(k) match · 2023
Employer contribution per active participant$944
Median for plans this size$3,659
2024$884 per active participant
2023$944 per active participant
2022$876 per active participant

Suburban Employee Services, LLC's 2023 employer contribution ran below the $3,659 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
NEWPORT GROUP, INC. · Recordkeeping · Consulting$172,464
GREGORY J. SCHWARTZ & CO., INC. · Investment advisory (plan)$132,534

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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

Administrative cost history3
2024$338,436 · 0.55%
2023$304,998 · 0.52%
2022$349,317 · 0.53%
Similar plansRetail Trade · Michigan
General Rv Centers, Inc. MI$77.4M · 0.39%
Zeigler Auto Group, Inc. MI$72.9M · 0.70%
Abc Appliance, Inc. MI$69.7M · 0.04%
Awi Holdings, LLC MI$61.8M · 0.41%
Lafontaine Motors, Inc. MI$58.2M · 0.43%
Stockx LLC MI$49.7M · 0.19%
Inalfa Roof Systems, Inc. MI$46.7M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383444754 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.