Plan Snapshot
- Plan Sponsor: Aero Test Group
- Sponsor EIN: 381894836
- Sponsor Address: 28320 LAKEVIEW DRIVE, WIXOM, MI, 48393
- Plan Type: 401(k)
- Total Participants: 133
- Total Assets: $24.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 133 | $24.6M | $524,148 | $1.6M |
| 2023 | 134 | $22.3M | $481,262 | $1.5M |
| 2022 | 148 | $20.4M | $543,916 | $1.6M |
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 |
|---|---|---|---|---|
| ADP, INC. | Recordkeeper | $26,116 | — | $26,116 |
| ROYAL ALLIANCE ASSOCIATES, INC. | Investment Advisor | $23,883 | — | $23,883 |
| SECURITIES AMERICA, INC. | Investment Advisor | $22,192 | — | $22,192 |
| ERISA FIDUCIARY SERVICES INC. | Investment Advisor | $8,900 | — | $8,900 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — Recordkeeper
- ROYAL ALLIANCE ASSOCIATES, INC. — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $81,091
- Estimated Expense Ratio: 0.330% 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 | $58,055 | — | — | — | — |
| 2023 | $85,688 | $57,486 | — | — | — |
| 2022 | $48,542 | — | — | — | — |