Plan Ledger DOL Form 5500 · updated monthly

Sureway Group, Inc.401(k)

THE SUREWAY GROUP 401(K) PLAN · FRANKLIN PARK, IL · plan year 2023

Reported admin expense ratio · 2023
0.99%

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

Sureway Group, Inc. reported $35,753 in plan administrative expenses for 2023: 0.99% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,765 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 1.03% to 1.19%. 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 Illinois (3,135th of 3,702), and 11,934th of 13,661 in manufacturing. In 2023, employees put in $1.69 for every $1.00 the employer contributed; active participation has shrunk from 128 to 86 since 2022.

Plan summary
Net assets, end of year$3,653,741
Participants with balances126
Active participants86
Employer contributions$151,829
Employee contributions$256,154
Employer contribution per active participant$1,765
Average account balance$28,998
Benefits paid to participants$1,249,612
Plan auditUnmodified (clean) audit opinion
AuditorRUBINBROWN
Plan history3
Yearassets · accounts · employer contribution
2024$3.2M · 72 accts · $146K emplr
2023$3.7M · 126 accts · $152K emplr
2022$3.6M · 125 accts · $148K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$11,581
Investment management$15,569
Trustee / custodial$1,663
Total administrative$35,753
The Sureway Group, Inc. 401(k) match · 2023
Employer contribution per active participant$1,765
Median for plans this size$1,308
2024$1,315 per active participant
2023$1,765 per active participant
2022$1,153 per active participant

Sureway Group, Inc.'s 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
HOWARD SIMON & ASSOCIATES, INC. · Recordkeeping$18,522
MESIROW FINANCIAL · Investment advisory (participants) · Investment advisory (plan)$15,569

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

Recordkeeper by year2
2024HOWARD SIMON & ASSOCIATES, INC.
2023HOWARD SIMON & ASSOCIATES, INC.

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Administrative cost history3
2024$40,733 · 1.19%
2023$35,753 · 0.99%
2022$40,836 · 1.03%
Same employer
Similar plansManufacturing · Illinois
Feralloy Corporation IL$3.8M · 0.12%
Olon Industries, Inc. IL$3.6M · 0.04%
Brown Paper Goods Company IL$3.6M · 0.25%
Van Hessen USA Inc. IL$3.6M · 0.47%

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Source: U.S. Department of Labor, Form 5500 series, EIN 364095137 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.