Plan Ledger DOL Form 5500 · updated monthly

Success Mortgage Partners, Inc.401(k)

SUCCESS MORTGAGE PARTNERS, INC. 401(K) PLAN · PLYMOUTH, MI · plan year 2024

Reported admin expense ratio · 2024
0.77%

Success Mortgage Partners, Inc. reported $65,683 in plan administrative expenses for 2024: 0.77% of average plan assets, above the peer median. 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 0.92% to 0.77%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in Michigan (1,598th of 2,619), and 1,166th of 2,096 in real estate & leasing.

Plan summary
Net assets, end of year$9,130,583
Participants with balances175
Active participants411
Employer contributions—
Employee contributions$926,832
Employer contribution per active participant—
Average account balance$52,175
Benefits paid to participants$1,251,508
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.1M · 175 accts
2023$8.0M · 177 accts
2022$6.8M · 210 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$65,683
Total administrative$65,683
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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$65,683
PRINCIPAL SECURITIES INC · Other servicesindirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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

Administrative cost history3
2024$65,683 · 0.77%
2023$61,567 · 0.83%
2022$67,182 · 0.92%
Same employer
Similar plansReal Estate & Leasing · Michigan
Rhp Staffing Company MI$12.3M · 0.94%
Liv Communities LLC MI$10.8M · 0.30%
Kkhc, Inc. MI$7.8M · 0.61%

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Source: U.S. Department of Labor, Form 5500 series, EIN 010759540 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.