Plan Ledger DOL Form 5500 · updated monthly

Sunmed LLC401(k)

SUNMED LLC 401(K) PLAN · GRAND RAPIDS, MI · plan year 2025

Reported admin expense ratio · 2025
0.28%

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

Sunmed LLC reported $119,656 in plan administrative expenses for 2025: 0.28% of average plan assets, below the peer median. Employer contributions averaged $3,923 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 fell from 0.31% to 0.28%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other manufacturing employers. By assets it is the 540th-largest of 2,619 plans among Michigan employers on file, and the 3,297th of 13,661 in manufacturing. In 2025, employees put in $2.10 for every $1.00 the employer contributed; active participation has grown from 393 to 530 since 2022.

Plan summary
Net assets, end of year$47,101,272
Participants with balances633
Active participants530
Employer contributions$2,079,212
Employee contributions$4,362,147
Employer contribution per active participant$3,923
Average account balance$74,410
Benefits paid to participants$7,959,463
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$47.1M · 633 accts · $2.1M emplr
2024$39.5M · 650 accts · $2.2M emplr
2023$30.4M · 576 accts · $1.3M emplr
2022$17.7M · 384 accts · $988K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$74,877
Investment management$44,779
Total administrative$119,656
The Sunmed LLC 401(k) match · 2025
Employer contribution per active participant$3,923
Median for plans this size$2,666
2025$3,923 per active participant
2024$3,846 per active participant
2023$2,292 per active participant
2022$2,515 per active participant

Sunmed LLC's 2025 employer contribution ran above the $2,666 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20252
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Loan processing$83,606
SAGEVIEW ADVISORS · Investment advisory (plan)$36,050

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

Recordkeeper by year3
2025John Hancock
2024John Hancock
2023John Hancock

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

Administrative cost history4
2025$119,656 · 0.28%
2024$104,903 · 0.30%
2023$75,838 · 0.32%
2022$60,186 · 0.31%
Same employer
Similar plansManufacturing · Michigan
Huron Casting, Inc. MI$47.9M · 0.00%
Vericel Corporation MI$47.9M · 0.19%
Ridgeview Industries, Inc. MI$47.7M · 0.19%
Mnp Corporation MI$47.2M · 0.12%
P&C Group 1, Inc. MI$47.0M · 0.19%
L.E. Jones Company MI$46.9M · 0.34%
Akwel Cadillac USA, Inc. MI$46.2M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 263700043 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.