Plan Ledger DOL Form 5500 · updated monthly

Townsend Management Company, LLC401(k)

THE TOWNSEND HOTEL 401(K) PLAN · BIRMINGHAM, MI · plan year 2022

Reported admin expense ratio · 2022
0.74%

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

Townsend Management Company, LLC reported $19,634 in plan administrative expenses for 2022: 0.74% of average plan assets, above the peer median. Employer contributions averaged $0 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 $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Michigan (2,313th of 2,619), and 1,316th of 2,240 in accommodation & food services.

Plan summary
Net assets, end of year$2,471,308
Participants with balances94
Active participants154
Employer contributions$0
Employee contributions$209,101
Employer contribution per active participant$0
Average account balance$26,291
Benefits paid to participants$72,146
Plan auditUnmodified (clean) audit opinion
AuditorSCHLAUPITZ MADHAVEN
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$19,634
Total administrative$19,634
The Townsend Management Company, LLC 401(k) match · 2022
Employer contribution per active participant$0
Median for plans this size$1,114

Townsend Management Company, LLC's 2022 employer contribution ran below the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$19,634 · 0.74%
Same employer
Similar plansAccommodation & Food Services · Michigan
Sizzlin 5, Inc. MI$3.3M · 0.79%
Amerilodge Group MI$3.1M · 0.05%
Arnie's, Inc. MI$2.5M · 0.89%
Epoch Hospitality, LLC MI$2.3M · 0.65%
Trigo Pizza Company, Inc. MI$1.8M · 1.13%
Alexi of Lapeer, Inc. MI$1.2M · 1.72%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383491700 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.