Plan Ledger DOL Form 5500 · updated monthly

Superior Fabrication Company LLC401(k)

SUPERIOR FABRICATION COMPANY LLC 401(K) SAVINGS AND INVESTMENT PLAN · KINCHELOE, MI · plan year 2023

Reported admin expense ratio · 2023
0.73%

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

Superior Fabrication Company LLC reported $36,633 in plan administrative expenses for 2023: 0.73% of average plan assets, above the peer median. Employer contributions averaged $2,306 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 0.74%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Michigan (1,961st of 2,619), and 10,972nd of 13,661 in manufacturing. In 2023, employees put in $1.45 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,442,647
Participants with balances100
Active participants60
Employer contributions$138,380
Employee contributions$200,121
Employer contribution per active participant$2,306
Average account balance$54,426
Benefits paid to participants$503,705
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.6M · 73 accts · $61K emplr
2023$5.4M · 100 accts · $138K emplr
2022$4.5M · 165 accts · $83K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$36,633
Total administrative$36,633
The Superior Fabrication Company LLC 401(k) match · 2023
Employer contribution per active participant$2,306
Median for plans this size$1,308
2024$2,259 per active participant
2023$2,306 per active participant
2022$1,362 per active participant

Superior Fabrication Company LLC's 2023 employer contribution ran above the $1,308 median for plans its size, placing it in the top 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 · 20234
CAPFINANCIAL PARTNERS LLC · Investment advisory (plan)$9,196
EMPOWER ADVISORY GROUP, LLC · Investment management$742
CBIZ BENEFITS & INS. SERVICES · Contract administratorindirect 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$37,496 · 0.74%
2023$36,633 · 0.73%
2022$39,159 · 0.71%
Similar plansManufacturing · Michigan
L C Manufacturing, LLC MI$5.5M · 0.26%
Butterball Farms, Inc. MI$5.4M · 0.50%
Line-X, LLC MI$5.3M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 200627546 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.