Plan Snapshot
- Plan Sponsor: Applied Process, INC.
- Sponsor EIN: 382565630
- Sponsor Address: 12202 NEWBURGH RD, LIVONIA, MI, 48150
- Plan Type: 401(k)
- Total Participants: 373
- Total Assets: $32.9M
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 | 373 | $32.9M | $1.0M | $2.1M |
| 2023 | 391 | $31.0M | $537,228 | $1.0M |
| 2022 | 98 | $7.8M | $123,041 | $492,324 |
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 |
|---|---|---|---|---|
| GREGORY J SCHWARTZ & COMPANY INC | INVESTMENT ADVISOR | $61,882 | — | $61,882 |
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $29,865 | — | $29,865 |
| MRPR | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MRPR — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $91,747
- Estimated Expense Ratio: 0.279% 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 | $93,180 | $63,315 | — | — | — |
| 2023 | $28,236 | $1,330 | — | — | — |
| 2022 | $35,702 | $19,390 | $16,312 | — | — |