Tooling & Equipment International Corporation401(k)
TOOLING & EQUIPMENT INTERNATIONAL CORPORATION EMPLOYEES' 401K PLAN AND TRUST · LIVONIA, MI · plan year 2022
Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works
Tooling & Equipment International Corporation reported $14,373 in plan administrative expenses for 2022: 0.11% of average plan assets, below the peer median. Employer contributions averaged $434 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.
The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Michigan (1,450th of 2,619), and 8,250th of 13,661 in manufacturing. In 2022, employees put in $9.62 for every $1.00 the employer contributed.
Tooling & Equipment International Corporation's 2022 employer contribution ran below the $2,266 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.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 382496224 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.