Plan Ledger DOL Form 5500 · updated monthly

Top Flite Financial Inc.401(k)

TOP FLITE FINANCIAL INC. 401(K) PROFIT SHARING PLAN & TRUST · WILLIAMSTON, MI · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

Top Flite Financial Inc. reported $11,607 in plan administrative expenses for 2024: 0.10% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,005 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 0.10%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Michigan (1,331st of 2,619), and 3,656th of 4,798 in finance & insurance. In 2024, employees put in $1.94 for every $1.00 the employer contributed; active participation has grown from 204 to 238 since 2022.

Plan summary
Net assets, end of year$13,358,962
Participants with balances162
Active participants238
Employer contributions$477,298
Employee contributions$926,401
Employer contribution per active participant$2,005
Average account balance$82,463
Benefits paid to participants$643,349
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.4M · 162 accts · $477K emplr
2023$10.7M · 190 accts · $441K emplr
2022$8.9M · 202 accts · $583K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$11,607
Total administrative$11,607
The Top Flite Financial Inc. 401(k) match · 2024
Employer contribution per active participant$2,005
Median for plans this size$2,416
2024$2,005 per active participant
2023$2,296 per active participant
2022$2,857 per active participant

Top Flite Financial Inc.'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
M2B RETIREMENT CONSULTING LLC · Other servicesindirect comp
VOYA RETIREMENT INSURANCE & ANNUITY · Investment advisory (plan)indirect comp

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$11,607 · 0.10%
2023$9,945 · 0.10%
2022$8,663 · 0.09%
Similar plansFinance & Insurance · Michigan
Thumb Bank and Trust MI$14.1M · 0.00%
Liberty Title Agency, Inc. MI$10.5M · 0.57%
Ofta, LLC MI$10.2M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 134225190 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.