Plan Ledger DOL Form 5500 · updated monthly

Wickfield Properties, LLC401(k)

WICKFIELD PROPERTIES 401(K) PLAN · ANN ARBOR, MI · plan year 2022

Reported admin expense ratio · 2022
1.21%

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

Wickfield Properties, LLC reported $10,772 in plan administrative expenses for 2022: 1.21% of average plan assets, above the peer median. Employer contributions averaged $681 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 3 years on file its reported administrative ratio rose from 1.07% to 1.21%. The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Michigan (2,508th of 2,619), and 4,739th of 4,798 in finance & insurance. In 2022, employees put in $1.40 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$822,404
Participants with balances38
Active participants98
Employer contributions$66,767
Employee contributions$93,397
Employer contribution per active participant$681
Average account balance$21,642
Benefits paid to participants$124,991
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2022$822K · 38 accts · $67K emplr
2019$671K · 50 accts · $80K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$10,772
Total administrative$10,772
The Wickfield Properties, LLC 401(k) match · 2022
Employer contribution per active participant$681
Median for plans this size$331
2022$681 per active participant
2019$273 per active participant

Wickfield Properties, LLC's 2022 employer contribution ran above the $331 median for plans its size, placing it in the top 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 history2
2022$10,772 · 1.21%
2019$7,150 · 1.07%
Similar plansFinance & Insurance · Michigan
Retail Capital LLC MI$3.2M · 0.81%
MORTGAGE300 Corporation MI$2.1M · 0.49%
E Mortgage Funding, LLC MI$1.9M · 0.10%
Loancraft, LLC MI$538K · 0.93%
La Master Holdings LLC MI$105K · 0.21%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 454680686 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.