Plan Snapshot
- Plan Sponsor: Air Lift Company
- Sponsor EIN: 381439580
- Sponsor Address: 2727 SNOW ROAD, LANSING, MI, 489170167
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 197
- Total Assets: $15.9M
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. |
|---|---|---|---|---|
| 2025 | 197 | $15.9M | $0 | $0 |
| 2024 | 160 | $15.0M | $458,896 | $981,530 |
| 2023 | 203 | $12.7M | $432,073 | $926,304 |
| 2022 | 189 | $9.9M | $344,994 | $782,843 |
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 |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS | Other Service Provider | $52,908 | — | $52,908 |
| CENTENNIAL SECURITIES | Other Service Provider | $23,595 | — | $23,595 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $76,503
- Estimated Expense Ratio: 0.480% 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 |
|---|---|---|---|---|---|
| 2025 | $3,139,299 | — | — | — | — |
| 2024 | $72,075 | — | — | — | — |
| 2023 | $28,115 | — | — | — | — |
| 2022 | $20,460 | — | — | — | — |