Plan Ledger DOL Form 5500 · updated monthly

The Board of Trustees of the Mi Glass & Glazing Industry Dc401(k)

MICHIGAN GLASS AND GLAZING INDUSTRY DEFINED CONTRIBUTION PLAN · TROY, MI · plan year 2024

Reported admin expense ratio · 2024
0.53%

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

The Board of Trustees of the Mi Glass & Glazing Industry Dc reported $153,679 in plan administrative expenses for 2024: 0.53% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,571 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 fell from 0.58% to 0.53%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 798th-largest of 2,619 plans among Michigan employers on file, and the 1,556th of 5,337 in construction. In 2024, the employer put in $29.42 for every $1.00 employees contributed themselves; active participation has shrunk from 662 to 447 since 2022.

Plan summary
Net assets, end of year$29,348,421
Participants with balances742
Active participants447
Employer contributions$1,149,353
Employee contributions$39,072
Employer contribution per active participant$2,571
Average account balance$39,553
Benefits paid to participants$2,203,900
Plan auditUnmodified (clean) audit opinion
AuditorWESLEY HADDAD & COMPANY LLC
Plan history3
Yearassets · accounts · employer contribution
2024$29.3M · 742 accts · $1.1M emplr
2023$28.1M · 768 accts · $1.2M emplr
2022$24.0M · 817 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$44,946
Investment management$23,347
Audit (IQPA)$11,100
Trustee / custodial$8,701
Total administrative$153,679
The The Board of Trustees of the Mi Glass & Glazing Industry Dc 401(k) match · 2024
Employer contribution per active participant$2,571
Median for plans this size$2,416
2024$2,571 per active participant
2023$2,332 per active participant
2022$1,696 per active participant

The Board of Trustees of the Mi Glass & Glazing Industry Dc's 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20246
BENESYS, INC · Recordkeeping · Loan processing$43,791
AMERICAN GRAPHICS PRINTING · Participant communication$27,989
WATKINS, PAWLICK, CALATI & PRIFTI · Legal$16,720
WRUBEL WESLEY & COMPANY CPAS · Accounting / audit$11,100
MORGAN STANLEY · Investment advisory (participants) · Investment advisory (plan)$10,000
PNC BANK$8,701

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

Recordkeeper by year2
2024BENESYS, INC
2023BENESYS, INC

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Administrative cost history3
2024$153,679 · 0.53%
2023$136,603 · 0.52%
2022$138,737 · 0.58%
Similar plansConstruction · Michigan
Bouma Group, Inc. MI$31.8M · 0.37%
Conti Service, LLC MI$29.4M · 0.66%
Champion, Inc. MI$26.9M · 0.47%
Mps Group, Inc. MI$25.6M · 0.54%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383257340 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.