Michigan › Construction › 500 to 999 participants
Form 5500 statement · plan year 1 Jun 2024 to 31 May 2025
Michigan Glass and Glazing Industry Defined Contribution Plan
Sponsored by The Board of Trustees of the Mi Glass & Glazing Industry DC, Troy, 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.
Michigan Glass and Glazing Industry Defined Contribution Plan is a 401(k) plan sponsored by The Board of Trustees of the Mi Glass & Glazing Industry DC of Troy, Michigan. For the plan year ending 31 May 2025 it reported 742 participants, 447 of them active, and net assets of $29.3M. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $39,553 per participant, below the $46,267 median for defined contribution plans with 500 to 999 participants and well below the $54,962 median for defined contribution plans in construction. 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 $1.1M during the year, or $2,571 per active participant against a same-size median of $1,934; participants contributed $39K. Benefits paid out totalled $2.2M.
Schedule C lists 5 service provider organisations paid $5,000 or more, with reported compensation of $102K: $137 per participant, above the same-size median of $113. Administrative expenses charged to the plan were $154K. 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 $10.0M in 2009 to $29.3M in 2024 (up 192%), and participants from 880 to 742 (down 16%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $39,553 | $46,267 | $54,962 | $53,102 |
| Employer contributions per active participant | $2,571 | $1,934 | $2,728 | $2,175 |
| Schedule C compensation per participant | $137 | $113 | $162 | $123 |
| Schedule C compensation, share of net assets | 0.35% | 0.25% | 0.33% | 0.26% |
| Administrative expenses per participant | $207 | $109 | $166 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 500 to 999 participants (10,588 plans), construction (4,204) 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 | 742 | $29.3M | $39,553 | $1.1M | $39K | $102K |
| 2023 | 768 | $28.1M | $36,616 | $1.2M | $26K | $108K |
| 2022 | 817 | $24.0M | $29,417 | $1.1M | $17K | $89K |
| 2021 | 846 | $23.8M | $28,116 | $1.1M | $22K | $91K |
| 2020 | 790 | $25.5M | $32,263 | $1.1M | $9,000 | $112K |
| 2019 | 790 | $19.7M | $24,876 | $1.0M | — | $85K |
| 2018 | 864 | $18.7M | $21,653 | $994K | — | $72K |
| 2017 | 790 | $18.2M | $23,067 | $1.1M | — | $80K |
| 2016 | 850 | $16.4M | $19,274 | $992K | — | $86K |
| 2015 | 816 | $14.4M | $17,680 | $930K | — | $99K |
| 2014 | 846 | $14.5M | $17,183 | $750K | — | $114K |
| 2013 | 818 | $14.0M | $17,056 | $792K | — | $114K |
| 2012 | 864 | $12.4M | $14,360 | $768K | — | $98K |
| 2011 | 850 | $10.9M | $12,860 | $686K | — | $107K |
| 2010 | 873 | $11.8M | $13,515 | $657K | — | $85K |
| 2009 | 880 | $10.0M | $11,419 | $718K | — | $65K |
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$28,120,867
- Employer contributions$1,149,353
- Participant contributions$39,072
- Rollovers and other contributions—
- Total contributions$1,188,425
- Total income, including investment results$3,766,534
- Benefits paid$2,203,900
- Administrative expenses$153,679
- Total expenses$2,538,980
- Net income$1,227,554
- Net transfers$0
- Net assets, end of year$29,348,421
Participants
- Active participants447
- Retired or separated, receiving benefits—
- Retired or separated, entitled to future benefits274
- Participants with account balances742
- Total participants, end of year742
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Benesys, Inc. | Recordkeeping and information management; Copying and duplicating; Participant loan processing; Participant communication | $43,791 | $0 |
| American Graphics Printing | Copying and duplicating; Participant communication | $27,989 | $0 |
| Wrubel Wesley & Company CPAS | Accounting (including auditing) | $11,100 | $0 |
| Morgan Stanley | Investment advisory (participants); Investment advisory (plan) | $10,000 | $0 |
| PNC Bank | Account maintenance fees; Direct payment from the plan | $8,701 | $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
- Other administrative expenses$48,865
- Recordkeeping fees$40,155
- Investment advisory and management fees$23,347
- Legal fees$16,720
- IQPA audit fees$11,100
- Trustee and custodial fees$8,701
- Contract administrator fees$4,791
- Total administrative expenses$153,679
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)$28.3M · 96.4%
- Participant loans$773K · 2.6%
- Receivables$147K · 0.5%
- Cash (interest and non-interest bearing)$133K · 0.5%
- Buildings and other property used in plan operation$4,757 · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmWesley Haddad & Company LLC
- Participant contributions reported as transmitted lateNo
- 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 plan2TTotal or partial participant-directed account plan with a default investment account2JCode section 401(k) feature
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 238100: Foundation, Structure, & Building Exterior Contractors (including framing carpentry, masonry, glass, roofing, & siding).
Similar plans in Michigan
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Byrne Electrical Specialists, Inc. Retirement Savings Plan | Byrne Electrical Specialists, Inc. | 762 | $12.5M | $16,465 |
| Commercial Contracting Corporation Employee Stock Ownership Plan | Atlantic Boulevard Holdings, Inc. | 714 | −$6.7M | — |
| Conti Service, LLC MEP 401(k) Plan | Conti Service, LLC | 770 | $29.4M | $38,135 |
| Insulators Local 45 Defined Contribution Pension Fund | Board of Trustees Insulators Local 45 Defined Contribution Pension | 695 | $45.5M | $65,505 |
| Cci Systems, Inc. 401(k) Plan | Cci Systems, Inc. | 838 | $31.2M | $37,237 |
| Plumbers & Pipefitters U.A. Local 85 Retirement and 401(k) Fund | Joint Board of Trustees Plumbers & Pipefitters Local 85 Retirement | 693 | $11.7M | $16,850 |
Defined contribution plans in construction closest in size.
Questions and answers
How big is Michigan Glass and Glazing Industry Defined Contribution Plan?
742 participants at the end of the plan year ending 31 May 2025, of whom 447 were active employees, with net assets of $29,348,421. Among defined contribution plans that places it in the 500 to 999 participants band, which held 10,588 plans in plan year 2024.
What does The Board of Trustees of the Mi Glass & Glazing Industry DC contribute per participant?
The filing reports $1,149,353 in employer contributions for the year, which is $2,571 per active participant; the median for plans of the same type and size was $1,934 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 $101,581 in compensation to service provider organisations, $137 per participant or 0.35% of net assets. The same-size median among plans reporting any Schedule C compensation was $113 per participant. Administrative expenses on Schedule H were $153,679. 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 The Board of Trustees of the Mi Glass & Glazing Industry DC. Recordkeeping or administration: Benesys, Inc.. Investment advisory or management: Morgan Stanley. The financial statements were audited by Wesley Haddad & Company LLC. 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. 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 Jun 2024 to 31 May 2025, received by the Department of Labor on 11 Mar 2026. 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 38-3257340, plan 003, received 11 Mar 2026; 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.