Plan Snapshot
- Plan Sponsor: Aspen Surgical Products Holdings, INC.
- Sponsor EIN: 205428750
- Sponsor Address: 6945 SOUTHBELT DRIVE, CALEDONIA, MI, 49316
- Plan Type: 401(k)
- Total Participants: 452
- Total Assets: $42.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 452 | $42.6M | $1.5M | $3.3M |
| 2023 | 321 | $25.1M | $1.5M | $1.8M |
| 2022 | 316 | $19.3M | $1.4M | $1.8M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $113,602 | — | $113,602 |
| LBMC, PC | ACCOUNTANT | $16,600 | — | $16,600 |
| S.R. SNODGRASS, P.C. | Auditor | $16,600 | — | $16,600 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LBMC, PC — ACCOUNTANT
- S.R. SNODGRASS, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $146,802
- Estimated Expense Ratio: 0.344% 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 | $130,202 | — | $113,602 | $16,600 | — |
| 2023 | $57,792 | — | $57,792 | — | — |
| 2022 | $54,960 | — | $54,960 | — | — |