Plan Snapshot
- Plan Sponsor: Auto-Owners Insurance Company
- Sponsor EIN: 380315280
- Sponsor Address: P.O. BOX 30660, LANSING, MI, 48909
- Plan Type: 401(k)
- Total Participants: 7,012
- Total Assets: $864.3M
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 | 7,012 | $864.3M | $18.9M | $39.2M |
| 2023 | 6,663 | $772.9M | $17.5M | $37.2M |
| 2022 | 6,483 | $672.2M | $15.6M | $34.1M |
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 |
|---|---|---|---|---|
| VANGUARD ADVISERS INC. | NONE | $354,161 | — | $354,161 |
| THE VANGUARD GROUP, INC. | NONE | $101,012 | — | $101,012 |
| MANER COSTERISAN | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- VANGUARD ADVISERS INC. — NONE
- THE VANGUARD GROUP, INC. — NONE
- MANER COSTERISAN — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $455,173
- Estimated Expense Ratio: 0.053% 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 | $455,173 | — | — | — | — |
| 2023 | $379,753 | — | — | — | — |
| 2022 | $338,678 | — | — | — | — |