Plan Snapshot
- Plan Sponsor: Alma Tire Service, INC.
- Sponsor EIN: 381642134
- Sponsor Address: 1210 E SUPERIOR ST, ALMA, MI, 48801
- Plan Type: 401(k)
- Total Participants: 159
- Total Assets: $3.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 159 | $3.4M | $399,628 | $624,030 |
| 2023 | 127 | $2.1M | $310,004 | $466,961 |
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 |
|---|---|---|---|---|
| LPL FINANCIAL CORPORATION | Investment Advisor | $13,049 | — | $13,049 |
| KDP RETIREMENT PLAN SERV INC | Other Service Provider | $2,100 | $2,916 | $5,016 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $18,065
- Estimated Expense Ratio: 0.530% 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 | $26,437 | — | — | — | — |
| 2023 | — | — | — | — | — |