What are the fees in the The Shane Group, LLC 401(k) plan?

For plan year 2022, The Shane Group, LLC reported $29,828 in plan administrative expenses, or 1.40% of average plan assets — higher than ~90% of peers. Fund-level expense ratios are not included in public filings.

What is the average account balance in the The Shane Group, LLC 401(k)?

The average participant account balance was $18,695 for plan year 2022, based on 91 accounts.

The Shane Group, LLC401(k)

Name: The Shane Group, LLC 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

THE SHANE GROUP RETIREMENT SAVINGS PLAN · HILLSDALE, MI · plan year 2022

Reported admin expense ratio · 2022

1.40%

The Shane Group, LLC reported $29,828 in plan administrative expenses for 2022: 1.40% 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other management of companies employers. By assets it is among the smaller plans on file in Michigan (2,407th of 2,619), and 733rd of 786 in management of companies.

Plan summary
Net assets, end of year$1,701,287
Participants with balances91
Active participants66
Employer contributions—
Employee contributions$43,799
Employer contribution per active participant—
Average account balance$18,695
Benefits paid to participants$489,735
Plan auditUnmodified (clean) audit opinion
AuditorCOHEN & COMPANY, LTD

Administrative expenses, itemized · 2022

Recordkeeping & contract admin$5,065

Investment management$23,675

Professional / advisory$1,088

Total administrative$29,828

What these fees cost you

Your balance

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1

2022$29,828 · 1.40%

Similar plansManagement of Companies · Michigan
Huffmaster Management, Inc. MI$4.0M · 0.40%
Simplified Investments MI$4.0M · 0.78%
Cignet, LLC MI$3.6M · 0.65%
Structuretec Group Corporation MI$3.3M · 0.12%
As Management & Leasing, LLC MI$1.0M · 0.54%
M & D Holdings Group, Inc. MI$48K · 2.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 452485416 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.