Michigan › Manufacturing › 100 to 249 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Balance Technology, Inc. 401(k) Plan
Sponsored by Balance Technology, Inc., Whitmore Lake, MI
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Balance Technology, Inc. 401(k) Plan is a 401(k) plan sponsored by Balance Technology, Inc. of Whitmore Lake, Michigan. For the plan year ending 31 Dec 2024 it reported 107 participants, 72 of them active, and net assets of $15.7M.
Net assets came to $146,638 per participant, well above the $60,185 median for defined contribution plans with 100 to 249 participants and well above the $62,303 median for defined contribution plans in manufacturing. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $114K during the year, or $1,582 per active participant against a same-size median of $2,447; participants contributed $487K and $1,008 arrived as rollovers and other contributions. Benefits paid out totalled $4.7M.
Schedule C lists 2 service provider organisations paid $5,000 or more, with reported compensation of $173K: $1,618 per participant, well above the same-size median of $194. Administrative expenses charged to the plan were $73K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $6.2M in 2009 to $15.7M in 2024 (up 153%), and participants from 120 to 107 (down 11%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $146,638 | $60,185 | $62,303 | $53,102 |
| Employer contributions per active participant | $1,582 | $2,447 | $2,187 | $2,175 |
| Schedule C compensation per participant | $1,618 | $194 | $136 | $123 |
| Schedule C compensation, share of net assets | 1.1% | 0.32% | 0.24% | 0.26% |
| Administrative expenses per participant | $681 | $176 | $131 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 100 to 249 participants (21,996 plans), manufacturing (11,377) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 107 | $15.7M | $146,636 | $114K | $487K | $173K |
| 2023 | 129 | $17.1M | $132,721 | $132K | $614K | $106K |
| 2022 | 179 | $15.3M | $85,497 | $171K | $677K | $75K |
| 2021 | 144 | $19.2M | $133,333 | $146K | $606K | $74K |
| 2020 | 128 | $20.4M | $159,406 | $32K | $622K | $70K |
| 2019 | 186 | $19.4M | $104,435 | $481K | $814K | $77K |
| 2018 | 193 | $15.4M | $79,575 | — | $849K | $80K |
| 2017 | 175 | $15.7M | $89,457 | $240K | $831K | $57K |
| 2016 | 164 | $13.2M | $80,610 | $182K | $692K | $56K |
| 2015 | 148 | $12.0M | $81,223 | $179K | $662K | $70K |
| 2014 | 151 | $11.4M | $75,795 | $150K | $584K | $33K |
| 2013 | 144 | $10.2M | $71,069 | $98K | $526K | $28K |
| 2012 | 162 | $8.1M | $50,278 | $123K | $507K | $21K |
| 2011 | 135 | $7.2M | $53,326 | $100K | $453K | $21K |
| 2010 | 124 | $6.9M | $55,710 | $85K | $401K | $12K |
| 2009 | 120 | $6.2M | $51,767 | — | $359K | $0 |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$17,120,638
- Employer contributions$113,880
- Participant contributions$486,648
- Rollovers and other contributions$1,008
- Total contributions$601,536
- Total income, including investment results$3,351,134
- Benefits paid$4,708,637
- Administrative expenses$72,824
- Total expenses$4,781,461
- Net income−$1,430,327
- Net transfers$0
- Net assets, end of year$15,690,311
Participants
- Active participants72
- Retired or separated, receiving benefits0
- Retired or separated, entitled to future benefits35
- Participants with account balances88
- Total participants, end of year107
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Capfinancial Partners, L | Investment advisory (plan); Contract Administrator | $89,997 | $3 |
| Principal Life Insurance Company | Contract Administrator; Participant loan processing; Plan Administrator | $83,175 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Investment advisory and management fees$49,997
- Contract administrator fees$22,827
- Total administrative expenses$72,824
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Registered investment companies (mutual funds)$12.3M · 78.5%
- Common/collective trusts$3.2M · 20.1%
- Participant loans$115K · 0.7%
- Receivables$114K · 0.7%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmPlante & Moran, PLLC
- Participant contributions reported as transmitted lateYes, $18,452
- Covered by a fidelity bondYes, $500,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2EProfit-sharing plan2FERISA section 404(c) plan2GTotal participant-directed account plan2JCode section 401(k) feature2KCode section 401(m) arrangement2TTotal or partial participant-directed account plan with a default investment account3DPre-approved pension plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 333200: Industrial Machinery Mfg.
Similar plans in Michigan
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Mol-Son, LLC. Employees' Retirement - 401(k) Savings Plan | Mol-Son, LLC | 109 | — | — |
| Howard Miller - Hekman Profit-Sharing and 401(k) Savings Plan | Howard Miller Company | 107 | $17.4M | $163,062 |
| Variety Die & Stamping Co. Employees' Profit Sharing and 401(k) Plan | Variety Die & Stamping Company | 109 | $10.2M | $93,765 |
| A & B Packing 401(k) Plan | A & B Packing Equipment, Inc. | 106 | $3.2M | $29,775 |
| PVS Steel Services Union Plan | PVS | 110 | — | — |
| Wescast Industries, Inc. 401(k) Plan | United Machining. Inc. | 105 | $4.1M | $39,260 |
Defined contribution plans in manufacturing closest in size.
Questions and answers
How big is Balance Technology, Inc. 401(k) Plan?
107 participants at the end of the plan year ending 31 Dec 2024, of whom 72 were active employees, with net assets of $15,690,311. Among defined contribution plans that places it in the 100 to 249 participants band, which held 21,996 plans in plan year 2024.
What does Balance Technology, Inc. contribute per participant?
The filing reports $113,880 in employer contributions for the year, which is $1,582 per active participant; the median for plans of the same type and size was $2,447 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $173,175 in compensation to service provider organisations, $1,618 per participant or 1.1% of net assets. The same-size median among plans reporting any Schedule C compensation was $194 per participant. Administrative expenses on Schedule H were $72,824. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Balance Technology, Inc.. Recordkeeping or administration: Capfinancial Partners, L and Principal Life Insurance Company. Investment advisory or management: Capfinancial Partners, L. The financial statements were audited by Plante & Moran, PLLC. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 26 Sep 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 38-2822225, plan 001, received 26 Sep 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.