Plan Snapshot
- Plan Sponsor: Automated Media, INC.
- Sponsor EIN: 382840640
- Sponsor Address: PO BOX 87380, CANTON, MI, 48187
- Plan Type: 401(k)
- Total Participants: 109
- Total Assets: $13.4M
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. |
|---|---|---|---|---|
| 2023 | 109 | $13.4M | $200,092 | $591,063 |
| 2022 | 118 | $11.8M | $494,513 | $618,012 |
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 | Recordkeeper | $103,048 | — | $103,048 |
| SIGMA FINANCIAL CORPORATION | Other Service Provider | — | $62,382 | $62,382 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $165,430
- Estimated Expense Ratio: 1.239% 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 |
|---|---|---|---|---|---|
| 2023 | $51,525 | — | $51,525 | — | — |
| 2022 | $48,668 | — | $48,668 | — | — |