Plan Snapshot
- Plan Sponsor: Akebono Brake Corporation
- Sponsor EIN: 363993763
- Sponsor Address: 34385 W. TWELVE MILE ROAD, FARMINGTON HILLS, MI, 48331
- Plan Type: 401(k)
- Total Participants: 1,251
- Total Assets: $148.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 1,251 | $148.1M | $2.1M | $4.0M |
| 2023 | 1,009 | $145.4M | $2.1M | $4.1M |
| 2022 | 1,038 | $132.2M | $3.7M | $3.6M |
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 |
|---|---|---|---|---|
| SMITH HOWARD PC | Auditor | $17,000 | — | $17,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $17,000
- Estimated Expense Ratio: 0.011% 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 | $73,023 | $65,484 | — | $17,000 | — |
| 2023 | $140,124 | $161,296 | — | $20,895 | — |
| 2022 | $69,073 | $84,036 | — | — | — |