Plan Snapshot
- Plan Sponsor: Allied Electric, INC.
- Sponsor EIN: 381889686
- Sponsor Address: 2503 WALDORF COURT N.W., GRAND RAPIDS, MI, 49544
- Plan Type: 401(k)
- Total Participants: 123
- Total Assets: $15.9M
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 | 123 | $15.9M | $362,750 | $667,162 |
| 2023 | 124 | $14.1M | $338,897 | $628,427 |
| 2022 | 124 | $12.8M | $353,421 | $669,760 |
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 |
|---|---|---|---|---|
| DOEREN MAYHEW ASSURANCE | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DOEREN MAYHEW ASSURANCE — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $73,180 | $67,578 | $1,994 | — | — |
| 2023 | $64,504 | $59,511 | — | — | — |
| 2022 | $65,234 | $60,065 | $5,169 | — | — |