Plan Snapshot
- Plan Sponsor: Ag Business Solutions LLC
- Sponsor EIN: 204967307
- Sponsor Address: 588 3 MILE ROAD NW, STE 101, GRAND RAPIDS, MI, 49544
- Plan Type: 401(k)
- Total Participants: 529
- Total Assets: $11.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 529 | $11.5M | $376,479 | $766,501 |
| 2023 | 506 | $9.7M | $365,963 | $759,262 |
| 2022 | 489 | $7.7M | $334,615 | $729,135 |
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 COMPANY | Recordkeeper | $22,540 | — | $22,540 |
| ROCKEFELLER CAPITAL MANAGEMENT | Investment Advisor | $15,424 | $6 | $15,430 |
| THE WL BURMEISTER COMPANY | Recordkeeper | $6,358 | $2,356 | $8,714 |
| MERRILL LYNCH | Investment Advisor | $6,587 | $5 | $6,592 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MERRILL LYNCH — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $53,276
- Estimated Expense Ratio: 0.462% 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 | $50,915 | $17,812 | $28,898 | — | — |
| 2023 | $20,193 | $1,185 | $17,088 | — | — |
| 2022 | $2,250 | — | $2,250 | — | — |