Plan Ledger DOL Form 5500 · updated monthly

Salute Incorporated401(k)

SALUTE, INC. 401(K) PLAN · CLINTON TOWNSHIP, MI · plan year 2022

Reported admin expense ratio · 2022
0.86%

Salute Incorporated reported $5,075 in plan administrative expenses for 2022: 0.86% of average plan assets, below 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 rose from 0.48% to 0.86%. The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Michigan (2,504th of 2,619), and 3,107th of 3,341 in other services.

Plan summary
Net assets, end of year$844,389
Participants with balances46
Active participants356
Employer contributions—
Employee contributions$253,123
Employer contribution per active participant—
Average account balance$18,356
Benefits paid to participants$90,229
Plan auditUnmodified (clean) audit opinion
AuditorLUCIDA LLC
Plan history2
Yearassets · accounts · employer contribution
2022$844K · 46 accts
2020$114K · 20 accts
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$5,075
Total administrative$5,075
What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2022$5,075 · 0.86%
2020$549 · 0.48%
Same employer
Similar plansOther Services · Michigan
Bay Human Services, Inc. MI$2.1M · 0.42%
Mm Services II, LLC MI$803K · 3.74%

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Source: U.S. Department of Labor, Form 5500 series, EIN 461853576 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.