Plan Ledger DOL Form 5500 · updated monthly

The Paslin Company401(k)

THE PASLIN COMPANY EMPLOYEES' 401(K) PLAN · WARREN, MI · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

The Paslin Company reported $126,351 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $4,445 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 0.29% to 0.26%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 508th-largest of 2,619 plans among Michigan employers on file, and the 3,100th of 13,661 in manufacturing. In 2024, employees put in $2.08 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$51,082,363
Participants with balances561
Active participants393
Employer contributions$1,746,870
Employee contributions$3,641,610
Employer contribution per active participant$4,445
Average account balance$91,056
Benefits paid to participants$5,013,675
Plan auditUnmodified (clean) audit opinion
AuditorJANZ & KNIGHT
Plan history3
Yearassets · accounts · employer contribution
2024$51.1M · 561 accts · $1.7M emplr
2023$44.9M · 678 accts · $1.2M emplr
2022$40.4M · 642 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$69,978
Investment management$56,373
Total administrative$126,351
The The Paslin Company 401(k) match · 2024
Employer contribution per active participant$4,445
Median for plans this size$2,416
2024$4,445 per active participant
2023$2,453 per active participant
2022$2,582 per active participant

The Paslin Company's 2024 employer contribution ran above the $2,416 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 · 20242
MERRILL LYNCH PIERCE FENNER & SMITH · Investment advisory (plan)$56,373

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$126,351 · 0.26%
2023$95,273 · 0.22%
2022$128,469 · 0.29%
Same employer
Similar plansManufacturing · Michigan
Oetiker, Inc. MI$52.3M · 0.10%
Ervin Industries, Inc. MI$52.0M · 0.01%
Garr Tool Company, Inc. MI$51.9M · 0.02%
Creative Foam Corporation MI$50.9M · 0.06%
Nyx, Inc. MI$50.8M · 0.32%
Mag Automotive, LLC MI$50.0M · 0.17%
Chelsea Milling Company MI$49.8M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381794102 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.