Plan Ledger DOL Form 5500 · updated monthly

Yates Industries, Inc.401(k)

YATES INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN AND TRUST · ST CLAIR SHORES, MI · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Yates Industries, Inc. reported $11,918 in plan administrative expenses for 2024: 0.16% of average plan assets, lower than ~75% of peers. Employer contributions averaged $528 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 0.17% to 0.16%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Michigan (1,685th of 2,619), and 9,579th of 13,661 in manufacturing. In 2024, employees put in $8.49 for every $1.00 the employer contributed; active participation has grown from 169 to 189 since 2022.

Plan summary
Net assets, end of year$8,212,385
Participants with balances182
Active participants189
Employer contributions$99,855
Employee contributions$847,434
Employer contribution per active participant$528
Average account balance$45,123
Benefits paid to participants$260,763
Plan auditUnmodified (clean) audit opinion
AuditorFENNER MELSTROM & DOOLING
Plan history3
Yearassets · accounts · employer contribution
2024$8.2M · 182 accts · $100K emplr
2023$6.7M · 175 accts · $100K emplr
2022$5.1M · 144 accts · $77K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$11,918
Total administrative$11,918
The Yates Industries, Inc. 401(k) match · 2024
Employer contribution per active participant$528
Median for plans this size$1,313
2024$528 per active participant
2023$545 per active participant
2022$455 per active participant

Yates Industries, Inc.'s 2024 employer contribution ran below the $1,313 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
ADP, INC. · Loan processing · Recordkeeping$11,918
ADP BROKER-DEALER · Other servicesindirect comp
MORGAN STANLEY GRAYSTONE CONSULTING · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP
2023ADP

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$11,918 · 0.16%
2023$9,128 · 0.16%
2022$9,139 · 0.17%
Same employer
Similar plansManufacturing · Michigan
Our Next Energy, Inc. MI$8.3M · 1.07%
Borroughs, LLC MI$8.2M · 0.01%
Swoboda, Inc. MI$8.2M · 0.44%
Shuert Technology, LLC MI$8.1M · 0.63%
Vantage Plastics MI$8.1M · 0.64%
Adco Circuits, Inc. MI$8.0M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381999443 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.