Plan Ledger DOL Form 5500 · updated monthly

Wolverine Truck Sales Inc401(k)

WOLVERINE TRUCK SALES INC 401K PLAN · DEARBORN, MI · plan year 2022

Reported admin expense ratio · 2022
0.38%

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

Wolverine Truck Sales Inc reported $22,074 in plan administrative expenses for 2022: 0.38% of average plan assets, below the peer median. Employer contributions averaged $586 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Michigan (1,968th of 2,619), and 3,657th of 5,215 in retail trade. In 2022, employees put in $4.66 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,381,154
Participants with balances82
Active participants109
Employer contributions$63,910
Employee contributions$297,779
Employer contribution per active participant$586
Average account balance$65,624
Benefits paid to participants$162,635
Plan auditUnmodified (clean) audit opinion
AuditorFENNER, MELSTROM & DOOLING, PLC
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$19,581
Investment management$2,243
Total administrative$22,074
The Wolverine Truck Sales Inc 401(k) match · 2022
Employer contribution per active participant$586
Median for plans this size$1,114

Wolverine Truck Sales Inc's 2022 employer contribution ran below the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$22,074 · 0.38%
Similar plansRetail Trade · Michigan
Schneider Tire Outlet MI$5.4M · 0.41%
Sellers Auto Group, Inc. MI$5.0M · 0.65%
Lakeside Surfaces, LLC MI$4.2M · 0.94%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381852637 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.