Superior Quality Inc401(k)
SUPERIOR QUALITY INC 401(K) PROFIT SHARING PLAN & TRUST · JENISON, MI · plan year 2023
Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works
Superior Quality Inc reported $10,617 in plan administrative expenses for 2023: 1.06% of average plan assets, below the peer median. Employer contributions averaged $953 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 1 year on file its reported administrative ratio rose from 0.58% to 1.06%. The plan sits in the under $1M size bracket, benchmarked here against 1,192 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Michigan (2,472nd of 2,619), and 13,238th of 13,661 in manufacturing. In 2023, employees put in $3.05 for every $1.00 the employer contributed.
Superior Quality Inc's 2023 employer contribution ran above the $522 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 731637826 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.