# Applied Process, INC. 401(k) Plan
Source: https://planprovider.pro/companies/applied-process-inc-401k-plan

> Applied Process, INC.'s 401(k) plan: 373 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/mrpr-group) — 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|—|—|

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- [Wolverine Advanced Materials LLC](https://planprovider.pro/companies/wolverine-advanced-materials-llc-401k-plan) — 330 participants

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