Plan Ledger DOL Form 5500 · updated monthly

The Woodbridge Group401(k)

THE WOODBRIDGE GROUP RETIREMENT SAVINGS PLAN · TROY, MI · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

The Woodbridge Group reported $257,351 in plan administrative expenses for 2024: 0.24% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,184 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 has held roughly steady near 0.236%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 265th-largest of 2,619 plans among Michigan employers on file, and the 1,763rd of 13,661 in manufacturing. In 2024, employees put in $1.20 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$111,272,612
Participants with balances2,068
Active participants2,277
Employer contributions$4,972,735
Employee contributions$5,990,044
Employer contribution per active participant$2,184
Average account balance$53,807
Benefits paid to participants$20,591,027
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$111.3M · 2,068 accts · $5.0M emplr
2023$106.5M · 2,068 accts · $3.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$180,461
Investment management$76,890
Total administrative$257,351
The The Woodbridge Group 401(k) match · 2024
Employer contribution per active participant$2,184
Median for plans this size$3,635
2024$2,184 per active participant
2023$1,445 per active participant

The Woodbridge Group's 2024 employer contribution ran below the $3,635 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 · 20245
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$189,181
ALLIANT INSURANCE SERVICES, INC. · Investment advisory (plan)$50,000
USI CONSULTING GROUP · Investment advisory (plan)$26,890
USI CONSULTING GROUP · Pension consulting$15,960
BDO USA · Other services$13,500

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

Administrative cost history2
2024$257,351 · 0.24%
2023$245,590 · 0.24%
Same employer
Similar plansManufacturing · Michigan
Gerdau Macsteel, Inc. MI$112.9M · 0.06%
Stoneridge, Inc. MI$112.3M · 0.15%
Midway Products Group, Inc. MI$112.2M · 0.07%
Kalsec, Inc. MI$111.3M · 0.05%
The Shyft Group, Inc. MI$109.2M · 0.20%
Bpg Americas Inc. MI$108.4M · 0.26%
Neogen Corporation MI$108.1M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 391505258 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.