Plan Ledger DOL Form 5500 · updated monthly

Trulife, Inc.401(k)

TRULIFE, INC. 401(K) SAVINGS PLAN · JACKSON, MI · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

Trulife, Inc. reported $27,469 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. Employer contributions averaged $1,796 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 0.23% to 0.25%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Michigan (1,443rd of 2,619), and 8,194th of 13,661 in manufacturing. In 2024, employees put in $1.65 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,479,177
Participants with balances181
Active participants109
Employer contributions$195,774
Employee contributions$322,560
Employer contribution per active participant$1,796
Average account balance$63,421
Benefits paid to participants$1,412,939
Plan auditUnmodified (clean) audit opinion
AuditorJANZ & KNIGHT PLC
Plan history3
Yearassets · accounts · employer contribution
2024$11.5M · 181 accts · $196K emplr
2023$10.9M · 186 accts · $232K emplr
2022$10.1M · 191 accts · $215K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,469
Investment management$18,000
Total administrative$27,469
The Trulife, Inc. 401(k) match · 2024
Employer contribution per active participant$1,796
Median for plans this size$2,416
2024$1,796 per active participant
2023$2,128 per active participant
2022$1,936 per active participant

Trulife, 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
AMERIPRISE FINANCIAL · Recordkeeping · Trustee$12,000
ADP, INC. · Investment advisory (participants) · Other services$9,464
AMERIPRISE FINANCIAL SERVICES LLC · Recordkeeping · Trustee$6,004

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, AMERIPRISE FINANCIAL, AMERIPRISE FINANCIAL SERVICES LLC
2023ADP, AMERIPRISE FINANCIAL SERVICES LLC

This plan has changed recordkeepers within these filings. If you left Trulife, Inc. 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$27,469 · 0.25%
2023$26,592 · 0.25%
2022$27,561 · 0.23%
Same employer
Similar plansManufacturing · Michigan
Whitlam Group, Inc. MI$11.6M · 0.16%
M. Argueso & Co., Inc. MI$11.6M · 0.29%
Great Lakes Castings, LLC MI$11.2M · 0.72%

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Source: U.S. Department of Labor, Form 5500 series, EIN 380395750 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.