Plan Snapshot
- Plan Sponsor: Altarum Institute
- Sponsor EIN: 381983442
- Sponsor Address: 26200 TOWN CENTER DRIVE, SUITE 350, NOVI, MI, 48375
- Plan Type: DC
- Total Participants: 268
- Total Assets: $79.9M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 268 | $79.9M | $1.2M | $3.6M |
| 2023 | 293 | $75.2M | $1.5M | $3.6M |
| 2022 | 310 | $67.3M | $1.3M | $3.4M |
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 |
|---|---|---|---|---|
| REHMANN ROBSON LLC | Auditor | $20,100 | — | $20,100 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $20,100
- Estimated Expense Ratio: 0.025% 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 | $109,680 | $8,053 | — | $20,100 | — |
| 2023 | $111,309 | $6,484 | — | $27,164 | — |
| 2022 | $94,446 | $2,620 | — | — | — |