Plan Ledger DOL Form 5500 · updated monthly

Thrifty Retail Services, LLC401(k)

SERV-U-SUCCESS 401(K) SAVINGS PLAN · GRANDVILLE, 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

Thrifty Retail Services, LLC reported $89,463 in plan administrative expenses for 2024: 0.40% of average plan assets, above the peer median. Employer contributions averaged $344 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 fell from 0.46% to 0.40%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 911th-largest of 2,619 plans among Michigan employers on file, and the 1,633rd of 4,246 in wholesale trade. In 2024, employees put in $2.86 for every $1.00 the employer contributed; active participation has grown from 1,213 to 1,580 since 2022.

Plan summary
Net assets, end of year$23,975,121
Participants with balances497
Active participants1,580
Employer contributions$543,288
Employee contributions$1,555,773
Employer contribution per active participant$344
Average account balance$48,240
Benefits paid to participants$1,686,922
Plan auditUnmodified (clean) audit opinion
AuditorHUNGERFORD
Plan history3
Yearassets · accounts · employer contribution
2024$24.0M · 497 accts · $543K emplr
2023$20.4M · 427 accts · $479K emplr
2022$16.6M · 374 accts · $459K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,115
Investment management$52,348
Total administrative$89,463
The Thrifty Retail Services, LLC 401(k) match · 2024
Employer contribution per active participant$344
Median for plans this size$2,416
2024$344 per active participant
2023$306 per active participant
2022$378 per active participant

Thrifty Retail Services, LLC's 2024 employer contribution ran below the $2,416 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
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee (directed)$33,046
ADP, INC. · Loan processing · Recordkeeping$4,070
MORNINGSTAR RETIREMENT MANAGER · Investment advisory (participants) · Investment advisory (plan)$1,620

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

Recordkeeper by year2
2024ADP, Alerus
2023Alerus

This plan has changed recordkeepers within these filings. If you left Thrifty Retail Services, LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$89,463 · 0.40%
2023$82,607 · 0.45%
2022$83,538 · 0.46%
Same employer
Similar plansWholesale Trade · Michigan
Medler Electric Company MI$25.3M · 0.16%
Ewie Co., Inc. MI$24.5M · 1.10%
Heller Machine Tools, L.P. MI$23.7M · 0.15%
Young Supply Company MI$23.5M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 273469063 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.