Plan Snapshot
- Plan Sponsor: Abatement Workers National Defined Contribution Pension Plan
- Sponsor EIN: 383048188
- Sponsor Address: 700 TOWER DRIVE SUITE 300, TROY, MI, 48098
- Plan Type: DC
- Plan Number: 003
- Total Participants: 2,621
- Total Assets: $45.2M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 2,621 | $45.2M | $3.7M | $0 |
| 2023 | 2,611 | $44.3M | $3.8M | $0 |
| 2022 | 2,452 | $38.3M | $3.9M | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE CO | Other Service Provider | $230,407 | — | $230,407 |
| ABATEMENT PENSION FUND | Other Service Provider | $5,850 | $132,550 | $138,400 |
| MORGAN STANLEY | Recordkeeper | $90,000 | — | $90,000 |
| NOVARA, TESIJA | Other Service Provider | $88,289 | — | $88,289 |
| BENESYS, INC | Other Service Provider | $48,857 | — | $48,857 |
| WRUBEL WESLEY & CO CPAS | Other Service Provider | $19,700 | — | $19,700 |
| STAFANSKY HOLLAWAY | Other Service Provider | $12,792 | — | $12,792 |
| PNC BANK | Other Service Provider | $8,263 | — | $8,263 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $636,708
- Estimated Expense Ratio: 1.410% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $278,064 | $72,105 | $47,787 | $19,700 | — |
| 2023 | $272,173 | $67,157 | $46,850 | $32,977 | — |
| 2022 | $277,239 | $86,452 | $47,168 | — | $107,687 |