Plan Snapshot
- Plan Sponsor: Asahi Kasei America, INC.
- Sponsor EIN: 132698638
- Sponsor Address: 39525 MACKENZIE DRIVE, NOVI, MI, 48377
- Plan Type: 401(k)
- Total Participants: 1,324
- Total Assets: $293.6M
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 | 1,324 | $293.6M | $12.1M | $13.3M |
| 2023 | 1,394 | $249.5M | $11.6M | $12.6M |
| 2022 | 1,312 | $203.7M | $9.7M | $10.3M |
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 |
|---|---|---|---|---|
| RENAISSANCE BENEFIT ADVISORS GROUP | INVESTMENT ADVISOR | $92,349 | — | $92,349 |
| TRANSAMERICA RETIREMENT SOLUTIONS | RECORDKEEPER | $81,334 | — | $81,334 |
| CARLSON QUINN | CONSULTANT | $58,000 | — | $58,000 |
| REHMANN ROBSON | AUDITOR | $25,000 | — | $25,000 |
| REHMANN ROBSON LLC | Auditor | $25,000 | — | $25,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RENAISSANCE BENEFIT ADVISORS GROUP — INVESTMENT ADVISOR
- TRANSAMERICA RETIREMENT SOLUTIONS — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $281,683
- Estimated Expense Ratio: 0.096% 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 | $256,683 | $92,349 | $58,000 | $25,000 | — |
| 2023 | $245,867 | $98,347 | $55,325 | $26,680 | — |
| 2022 | $363,058 | $132,906 | $103,952 | — | $126,200 |