Plan Ledger DOL Form 5500 · updated monthly

Wade Trim Group, Inc.401(k)

WADE TRIM GROUP, INC. PROFIT SHARING & 401K SAVINGS PLAN · DETROIT, MI · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Wade Trim Group, Inc. reported $130,267 in plan administrative expenses for 2024: 0.16% of average plan assets, above the peer median. Employer contributions averaged $2,380 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 0.15% to 0.16%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 331st-largest of 2,619 plans among Michigan employers on file, and the 1,719th of 11,654 in professional & technical services. In 2024, employees put in $3.52 for every $1.00 the employer contributed; active participation has grown from 594 to 700 since 2022.

Plan summary
Net assets, end of year$86,983,622
Participants with balances887
Active participants700
Employer contributions$1,665,695
Employee contributions$5,856,587
Employer contribution per active participant$2,380
Average account balance$98,065
Benefits paid to participants$6,568,188
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$87.0M · 887 accts · $1.7M emplr
2023$75.6M · 856 accts · $1.4M emplr
2022$63.6M · 778 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$68,182
Investment management$49,635
Audit (IQPA)$12,000
Total administrative$130,267
The Wade Trim Group, Inc. 401(k) match · 2024
Employer contribution per active participant$2,380
Median for plans this size$3,635
2024$2,380 per active participant
2023$2,098 per active participant
2022$1,982 per active participant

Wade Trim Group, Inc.'s 2024 employer contribution ran below the $3,635 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
T ROWE PRICE RPS INC · Recordkeeping · Trustee$68,482
CAPFINANCIAL PARTNERS LLC · Investment advisory (plan)$49,635
REHMANN ROBSON · Accounting / audit$12,000

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

Recordkeeper by year2
2024T. Rowe Price
2023T. Rowe Price

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Administrative cost history3
2024$130,267 · 0.16%
2023$121,065 · 0.17%
2022$102,433 · 0.15%
Same employer
Similar plansProfessional & Technical Services · Michigan
Arotech MI$89.0M · 0.33%
Plunkett Cooney, P.C. MI$87.2M · 0.22%
Fev North America, Inc MI$83.6M · 0.25%
Escalent, Inc. MI$80.6M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382236295 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.