Plan Ledger DOL Form 5500 · updated monthly

Williams Form Engineering Corporation401(k)

WILLIAMS FORM ENGINEERING CORPORATION 401(K) PLAN · BELMONT, MI · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

Williams Form Engineering Corporation reported $87,131 in plan administrative expenses for 2024: 0.37% of average plan assets, above the peer median. Employer contributions averaged $2,155 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 fell from 0.43% to 0.37%. 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 the 866th-largest of 2,619 plans among Michigan employers on file, and the 5,033rd of 13,661 in manufacturing. In 2024, employees put in $2.33 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$25,664,698
Participants with balances285
Active participants277
Employer contributions$596,835
Employee contributions$1,392,404
Employer contribution per active participant$2,155
Average account balance$90,052
Benefits paid to participants$1,138,512
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$25.7M · 285 accts · $597K emplr
2023$21.2M · 285 accts · $569K emplr
2022$17.0M · 267 accts · $537K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$52,137
Investment management$34,994
Total administrative$87,131
The Williams Form Engineering Corporation 401(k) match · 2024
Employer contribution per active participant$2,155
Median for plans this size$2,416
2024$2,155 per active participant
2023$2,124 per active participant
2022$2,059 per active participant

Williams Form Engineering Corporation'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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$52,136
RPA FINANCIAL, LLC · Investment advisory (plan)$34,988
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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

Administrative cost history3
2024$87,131 · 0.37%
2023$79,353 · 0.42%
2022$80,616 · 0.43%
Same employer
Similar plansManufacturing · Michigan
Schuler Incorporated MI$26.1M · 0.02%
Mobex Global MI$25.7M · 0.81%
Glastender, Inc. MI$25.4M · 0.40%
A123 Systems LLC MI$25.3M · 0.28%
Commercial Tool & Die, Inc. MI$25.2M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381175280 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.