Plan Snapshot
- Plan Sponsor: Andersen Material Handling, INC.
- Sponsor EIN: 381722178
- Sponsor Address: 30575 ANDERSEN CT., WIXOM, MI, 48393
- Plan Type: 401(k)
- Total Participants: 473
- Total Assets: $23.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 473 | $23.9M | $279,237 | $1.6M |
| 2023 | 318 | $19.9M | $265,427 | $1.5M |
| 2022 | 291 | $16.2M | $239,199 | $1.3M |
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 |
|---|---|---|---|---|
| OSAIC WEALTH INC | ADVISOR | — | $52,299 | $52,299 |
| CBIZ CPAS P.C. | AUDIT | $10,750 | — | $10,750 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- OSAIC WEALTH INC — ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $63,049
- Estimated Expense Ratio: 0.264% 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 | $10,725 | — | — | $7,500 | — |
| 2023 | $13,275 | — | — | $10,000 | — |
| 2022 | $12,900 | — | — | — | — |