Plan Snapshot
- Plan Sponsor: Adac Plastics, INC.
- Sponsor EIN: 382085222
- Sponsor Address: 5690 EAGLE DR SE, GRAND RAPIDS, MI, 49546
- Plan Type: DC
- Total Participants: 773
- Total Assets: $63.7M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 773 | $63.7M | $1.1M | $4.4M |
| 2023 | 781 | $59.6M | $932,970 | $4.3M |
| 2022 | 818 | $55.9M | $1.1M | $4.3M |
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 |
|---|---|---|---|---|
| CROWE LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $196,719 | $49,980 | $146,739 | — | — |
| 2023 | $179,539 | $49,953 | $129,586 | — | — |
| 2022 | $182,187 | $49,925 | $132,262 | — | — |