Plan Snapshot
- Plan Sponsor: Ageways Nonprofit Senior Services
- Sponsor EIN: 382729505
- Sponsor Address: 31700 MIDDLEBELT ROAD, FARMINGTON HILLS, MI, 48334
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 207
- Total Assets: $9.3M
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. |
|---|---|---|---|---|
| 2025 | 207 | $9.3M | $0 | $0 |
| 2024 | 159 | $7.7M | $168,615 | $558,223 |
| 2023 | 146 | $6.5M | $135,155 | $510,373 |
| 2022 | 154 | $5.9M | $199,174 | $606,915 |
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 | $30,509 | — | $30,509 |
| MMA SECURITIES | Investment Advisor | $21,329 | — | $21,329 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $51,838
- Estimated Expense Ratio: 0.555% 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 | $680,840 | $25,070 | — | — | — |
| 2024 | $41,135 | $21,364 | — | — | — |
| 2023 | $36,379 | $18,143 | — | — | — |
| 2022 | $28,212 | $1,271 | — | — | — |