Plan Snapshot
- Plan Sponsor: American Mitsuba Corporation
- Sponsor EIN: 363482743
- Sponsor Address: 2945 THREE LEAVES DRIVE, MT. PLEASANT, MI, 48858
- Plan Type: 401(k)
- Total Participants: 567
- Total Assets: $58.1M
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 | 567 | $58.1M | $1.2M | $1.7M |
| 2023 | 460 | $39.7M | $974,030 | $1.6M |
| 2022 | 145 | $11.8M | $230,730 | $369,017 |
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 |
|---|---|---|---|---|
| ASCENSUS | Recordkeeper | $61,353 | — | $61,353 |
| PLANTE & MORAN PLLC | Other Service Provider | $20,000 | — | $20,000 |
| JPMORGAN INVEST HOLDINGS LLC | Recordkeeper | $8,913 | — | $8,913 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $90,266
- Estimated Expense Ratio: 0.155% 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 | $90,266 | — | — | — | — |
| 2023 | $39,424 | $19,451 | $19,973 | — | — |
| 2022 | $14,010 | — | $14,010 | — | — |