Plan Snapshot
- Plan Sponsor: Aludyne INC
- Sponsor EIN: 461525728
- Sponsor Address: 300 GALLERIA OFFICENTRE, SUITE 501, SOUTHFIELD, MI, 48034
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 2,995
- Total Assets: $111.5M
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. |
|---|---|---|---|---|
| 2025 | 2,995 | $111.5M | $0 | $0 |
| 2024 | 2,108 | $99.4M | $2.9M | $10.7M |
| 2023 | 2,711 | $89.1M | $3.4M | $11.7M |
| 2022 | 2,695 | $72.9M | $2.6M | $9.8M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $110,627 | — | $110,627 |
| MMA SECURITIES LLC | Investment Advisor | $36,375 | — | $36,375 |
| SIKICH CPA LLC | Auditor | $16,432 | — | $16,432 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $163,434
- Estimated Expense Ratio: 0.147% 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 |
|---|---|---|---|---|---|
| 2025 | $18,151,776 | $1,098 | — | $16,432 | — |
| 2024 | $178,583 | $62 | $300 | $14,300 | — |
| 2023 | $142,298 | — | $300 | $14,000 | — |
| 2022 | $157,467 | — | — | — | — |