Plan Ledger DOL Form 5500 · updated monthly

Trustees Flint Defined Contrib Fund401(k)

FLINT PLUMBING DEFINED CONTRIBUTION FUND · LANSING, MI · plan year 2024

Reported admin expense ratio · 2024
0.65%

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

Trustees Flint Defined Contrib Fund reported $159,735 in plan administrative expenses for 2024: 0.65% of average plan assets, higher than ~90% of peers. Employer contributions averaged $170 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 0.61% to 0.65%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 860th-largest of 2,619 plans among Michigan employers on file, and the 1,684th of 5,337 in construction. In 2024, employees put in $20.06 for every $1.00 the employer contributed; active participation has grown from 511 to 594 since 2022.

Plan summary
Net assets, end of year$26,112,540
Participants with balances618
Active participants594
Employer contributions$100,885
Employee contributions$2,023,276
Employer contribution per active participant$170
Average account balance$42,253
Benefits paid to participants$1,242,950
Plan auditUnmodified (clean) audit opinion
AuditorWESLEY, HADDAD & COMPANY LLC
Plan history3
Yearassets · accounts · employer contribution
2024$26.1M · 618 accts · $101K emplr
2023$23.0M · 590 accts · $4K emplr
2022$19.4M · 526 accts · $177K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,432
Investment management$94,888
Audit (IQPA)$6,650
Total administrative$159,735
The Trustees Flint Defined Contrib Fund 401(k) match · 2024
Employer contribution per active participant$170
Median for plans this size$2,416
2024$170 per active participant
2023$8 per active participant
2022$346 per active participant

Trustees Flint Defined Contrib Fund'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 · 20245
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$75,210
TIC INTERNATIONAL CORPORATION · Accounting / audit · Contract administrator$27,933
ASHER KELLY · Legal$22,004
MERRILL LYNCH · Investment advisory (plan) · Investment management$20,000
WRUBEL WESLEY AND COMPANY C.P.A.'S · Accounting / audit$6,650

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

Recordkeeper by year2
2024TIC INTERNATIONAL CORPORATION, Transamerica
2023TIC INTERNATIONAL CORPORATION, Transamerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$159,735 · 0.65%
2023$144,124 · 0.68%
2022$113,080 · 0.61%
Similar plansConstruction · Michigan
Conti Service, LLC MI$29.4M · 0.66%
Champion, Inc. MI$26.9M · 0.47%
Mps Group, Inc. MI$25.6M · 0.54%
The Csm Group, Inc. MI$25.3M · 0.22%
Central Asphalt, Inc. MI$24.3M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 386254230 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.