Plan Ledger DOL Form 5500 · updated monthly

The Tobin Group401(k)

THE TOBIN GROUP 401(K) PLAN · FARMINGTON HILLS, MI · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

The Tobin Group reported $11,514 in plan administrative expenses for 2024: 0.33% of average plan assets, below the peer median. Employer contributions averaged $78 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 $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in Michigan (2,171st of 2,619), and 1,675th of 2,096 in real estate & leasing. In 2024, employees put in $23.54 for every $1.00 the employer contributed; active participation has grown from 118 to 145 since 2022.

Plan summary
Net assets, end of year$3,629,082
Participants with balances141
Active participants145
Employer contributions$11,303
Employee contributions$266,066
Employer contribution per active participant$78
Average account balance$25,738
Benefits paid to participants$405,386
Plan auditDisclaimer of opinion
AuditorPORVIN, BURNSTEIN & GARELIK, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$3.6M · 141 accts · $11K emplr
2023$3.4M · 146 accts · $11K emplr
2022$3.3M · 139 accts · $8K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$11,514
Total administrative$11,514
The The Tobin Group 401(k) match · 2024
Employer contribution per active participant$78
Median for plans this size$1,313
2024$78 per active participant
2023$82 per active participant
2022$68 per active participant

The Tobin Group's 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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 · 20243
GLASS RETIREMENT STRATEGIES, INC. · Consulting · Contract administrator$11,783
EMPOWER ADVISOR GROUP LLC · Investment management$2,004

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$11,514 · 0.33%
2023$11,347 · 0.34%
2022$11,588 · 0.32%
Same employer
Similar plansReal Estate & Leasing · Michigan
Land & Company MI$4.3M · 0.94%
Hayman Company MI$4.0M · 0.93%
First Housing Corporation MI$3.8M · 0.01%
Peak Management LLC MI$3.1M · 1.12%
Mrd Apartments, LLC MI$2.8M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382374406 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.