Plan Ledger DOL Form 5500 · updated monthly

Sweet Express, LLC401(k)

SWEET COMPANYS' RETIREMENT PLAN · KENTWOOD, MI · plan year 2024

Reported admin expense ratio · 2024
2.07%

Sweet Express, LLC reported $35,352 in plan administrative expenses for 2024: 2.07% of average plan assets, higher than ~90% of peers. 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 1.78% to 2.07%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Michigan (2,393rd of 2,619), and 2,152nd of 2,677 in transportation & warehousing. active participation has shrunk from 422 to 330 since 2022.

Plan summary
Net assets, end of year$1,784,141
Participants with balances292
Active participants330
Employer contributions—
Employee contributions$377,345
Employer contribution per active participant—
Average account balance$6,110
Benefits paid to participants$509,379
Plan auditUnmodified (clean) audit opinion
AuditorDOLINKA VANNOORD & COMPANY PLLP
Plan history3
Yearassets · accounts · employer contribution
2024$1.8M · 292 accts
2023$1.6M · 340 accts
2022$1.5M · 564 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,641
Investment management$4,231
Audit (IQPA)$10,480
Total administrative$35,352
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 · 20242
LINCOLN NATIONAL CORPORATION · Contract administrator$20,641
DOLINKA, VANNOORD & CO., PLLP CPA · Accounting / audit$10,480

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$35,352 · 2.07%
2023$41,722 · 2.67%
2022$27,456 · 1.78%
Same employer
Similar plansTransportation & Warehousing · Michigan
Blue Water Trucking, Inc. MI$2.8M · 1.26%
Same Day Delivery, Inc. MI$2.4M · 1.43%
Ralph Moyle, Inc. MI$2.2M · 0.90%
Koleaseco, Inc. MI$1.7M · 0.85%

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Source: U.S. Department of Labor, Form 5500 series, EIN 200528673 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.