Plan Snapshot
- Plan Sponsor: Ajax Paving Industries, INC.
- Sponsor EIN: 381383205
- Sponsor Address: 1957 CROOKS, TROY, MI, 48084
- Plan Type: 401(k)
- Total Participants: 122
- Total Assets: $48.0M
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 | 122 | $48.0M | $2.5M | $1.2M |
| 2023 | 122 | $46.8M | $2.3M | $1.1M |
| 2022 | 115 | $41.0M | $2.0M | $888,491 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $75,921 | — | $75,921 |
| MORGAN STANLEY SMITH | BROKER/ADVIS OR | — | $37,513 | $37,513 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $35,913 | — | $35,913 |
| GREAT LAKES PENSION ASSOCIATES, INC | CONTRACT ADMIN | $35 | $10,000 | $10,035 |
| GRANT MILLMAN & JOHNSON | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GRANT MILLMAN & JOHNSON — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $159,382
- Estimated Expense Ratio: 0.332% 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 | $45,228 | — | $1,315 | — | — |
| 2023 | $43,787 | — | $43,117 | — | — |
| 2022 | $40,969 | — | $40,969 | — | — |