Plan Ledger DOL Form 5500 · updated monthly

Three Rivers Corporation401(k)

THREE RIVERS CORPORATION EMPLOYEES' PROFIT SHARING PLAN · MIDLAND, MI · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

Three Rivers Corporation reported $161,117 in plan administrative expenses for 2024: 0.40% of average plan assets, above the peer median. Employer contributions averaged $1,656 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 rose from 0.35% to 0.40%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 592nd-largest of 2,619 plans among Michigan employers on file, and the 1,199th of 5,337 in construction. In 2024, employees put in $3.75 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$41,848,999
Participants with balances386
Active participants293
Employer contributions$485,161
Employee contributions$1,820,441
Employer contribution per active participant$1,656
Average account balance$108,417
Benefits paid to participants$5,292,735
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$41.8M · 386 accts · $485K emplr
2023$39.7M · 396 accts · $526K emplr
2022$33.6M · 485 accts · $444K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$31,303
Investment management$120,873
Trustee / custodial$8,941
Total administrative$161,117
The Three Rivers Corporation 401(k) match · 2024
Employer contribution per active participant$1,656
Median for plans this size$2,416
2024$1,656 per active participant
2023$1,691 per active participant
2022$1,443 per active participant

Three Rivers Corporation's 2024 employer contribution ran below 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 · 20243
NEWPORT GROUP, INC. · Recordkeeping · Contract administrator$31,303
TRI-STAR TRUST BANK · Investment advisory (participants) · Investment advisory (plan)$120,873
NEWPORT TRUST COMPANY · Trustee · Trustee (directed)$8,941

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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

Administrative cost history3
2024$161,117 · 0.40%
2023$159,942 · 0.44%
2022$111,131 · 0.35%
Same employer
Similar plansConstruction · Michigan
Kamminga & Roodvoets, Inc MI$44.1M · 0.03%
Owen-Ames-Kimball Co. MI$40.7M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382122752 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.