Plan Ledger DOL Form 5500 · updated monthly

The Sam Bernstein Law Firm Pll401(k)

THE SAM BERNSTEIN LAW FIRM PLL 401(K) PROFIT SHARING PLAN & TRUST · FARMINGTON HILLS, MI · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

The Sam Bernstein Law Firm Pll reported $57,318 in plan administrative expenses for 2024: 0.33% of average plan assets, above the peer median. Employer contributions averaged $3,694 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 3 years on file its reported administrative ratio has held roughly steady near 0.33%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,057th-largest of 2,619 plans among Michigan employers on file, and the 5,658th of 11,654 in professional & technical services. In 2024, employees put in $1.86 for every $1.00 the employer contributed; active participation has grown from 117 to 148 since 2022.

Plan summary
Net assets, end of year$19,460,190
Participants with balances159
Active participants148
Employer contributions$546,752
Employee contributions$1,018,980
Employer contribution per active participant$3,694
Average account balance$122,391
Benefits paid to participants$217,241
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$19.5M · 159 accts · $547K emplr
2023$15.3M · 140 accts · $456K emplr
2022$12.3M · 126 accts · $381K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,729
Investment management$37,589
Total administrative$57,318
The The Sam Bernstein Law Firm Pll 401(k) match · 2024
Employer contribution per active participant$3,694
Median for plans this size$2,416
2024$3,694 per active participant
2023$3,455 per active participant
2022$3,252 per active participant

The Sam Bernstein Law Firm Pll'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 · 20242
PAYCHEX, INC. · Recordkeeping$20,275
MERRILL LYNCH, PIERCE, FENNER · Investment advisory (plan)$37,026

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

Recordkeeper by year2
2024Paychex
2023Paychex

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

Administrative cost history3
2024$57,318 · 0.33%
2023$49,029 · 0.35%
2022$44,148 · 0.35%
Same employer
Similar plansProfessional & Technical Services · Michigan
Disher Corp. MI$20.3M · 0.21%
Ducker Research N.A. LLC MI$20.0M · 0.25%
Kunz Leigh, & Associates MI$19.8M · 0.36%
Spendmend, LLC MI$19.6M · 0.54%
Soar Technology Inc MI$19.0M · 0.38%
Opus Ivs, Inc. MI$18.6M · 0.29%
Bb&E, Inc. MI$18.2M · 0.27%
Lintech Global Inc. MI$17.8M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 271466737 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.