Plan Ledger DOL Form 5500 · updated monthly

Supreme Machined Products Compan401(k)

SUPREME MACHINED PRODUCTS COMPANY, INC.401(K) PLAN · SPRING LAKE, MI · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Supreme Machined Products Compan reported $21,181 in plan administrative expenses for 2024: 0.36% of average plan assets, below the peer median. Employer contributions averaged $2,355 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 2 years on file its reported administrative ratio rose from 0.32% to 0.36%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Michigan (1,890th of 2,619), and 10,646th of 13,661 in manufacturing. In 2024, employees put in $1.66 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,057,879
Participants with balances109
Active participants90
Employer contributions$211,907
Employee contributions$351,551
Employer contribution per active participant$2,355
Average account balance$55,577
Benefits paid to participants$1,127,314
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.1M · 109 accts · $212K emplr
2023$5.7M · 109 accts · $204K emplr
2022$4.9M · 113 accts · $190K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,825
Investment management$13,356
Total administrative$21,181
The Supreme Machined Products Compan 401(k) match · 2024
Employer contribution per active participant$2,355
Median for plans this size$1,313
2024$2,355 per active participant
2023$2,242 per active participant
2022$1,919 per active participant

Supreme Machined Products Compan's 2024 employer contribution ran above the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
FIFTH THIRD BANK · Recordkeeping · Trustee$13,355
ADP, INC. · Loan processing · Recordkeeping$7,825
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP, FIFTH THIRD BANK
2023ADP, FIFTH THIRD BANK

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

Administrative cost history3
2024$21,181 · 0.36%
2023$18,819 · 0.35%
2022$17,631 · 0.32%
Similar plansManufacturing · Michigan
Warren Industries, Inc. MI$6.3M · 0.67%
Penn Engineering Company MI$6.2M · 0.08%
Mayfair Plastics, Inc. MI$6.2M · 0.55%
Michigan Pallet, Inc. MI$6.2M · 0.76%
Fastco Industries, Inc. MI$6.0M · 0.14%
Sturgis Molded Products MI$6.0M · 0.57%
Shoreline Fruit, LLC MI$6.0M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381803798 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.