Plan Ledger DOL Form 5500 · updated monthly

US Farathane, LLC401(k)

US FARATHANE, LLC 401(K) PLAN · AUBURN HILLS, MI · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

US Farathane, LLC reported $229,869 in plan administrative expenses for 2024: 0.28% of average plan assets, higher than ~75% of peers. Employer contributions averaged $695 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 1 year on file its reported administrative ratio rose from 0.07% to 0.28%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 333rd-largest of 2,619 plans among Michigan employers on file, and the 2,119th of 13,661 in manufacturing. In 2024, employees put in $3.50 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$86,407,514
Participants with balances4,092
Active participants3,508
Employer contributions$2,439,065
Employee contributions$8,544,211
Employer contribution per active participant$695
Average account balance$21,116
Benefits paid to participants$11,108,561
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$86.4M · 4,092 accts · $2.4M emplr
2023$76.6M · 4,064 accts · $1.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$211,369
Audit (IQPA)$18,500
Total administrative$229,869
The US Farathane, LLC 401(k) match · 2024
Employer contribution per active participant$695
Median for plans this size$3,635
2024$695 per active participant
2023$373 per active participant

US Farathane, LLC's 2024 employer contribution ran below the $3,635 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 · 20243
PLANTE MORAN PLLC · Accounting / audit$18,500
CHARLES SCHWAB & CO., INC · Securities brokerageindirect comp

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

Administrative cost history2
2024$229,869 · 0.28%
2023$52,931 · 0.07%
Same employer
Similar plansManufacturing · Michigan
Kostal of America Inc. MI$87.6M · 0.57%
Ai-Cares, LLC MI$87.4M · 0.23%
Auria Solutions USA, Inc. MI$86.5M · 0.15%
Bridgewater Interiors, LLC MI$83.5M · 0.18%
Saf-Holland, Inc. MI$83.4M · 0.13%
Stiles Machinery, Inc. MI$83.2M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 463221181 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.