Plan Snapshot
- Plan Sponsor: Automatic Spring Products Corporation
- Sponsor EIN: 381347861
- Sponsor Address: 803 TAYLOR AVENUE, GRAND HAVEN, MI, 49417
- Plan Type: 401(k)
- Total Participants: 282
- Total Assets: $13.2M
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 | 282 | $13.2M | $353,161 | $883,679 |
| 2023 | 308 | $12.5M | $335,328 | $850,589 |
| 2022 | 291 | $10.6M | $310,278 | $796,677 |
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 |
|---|---|---|---|---|
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $36,679 | — | $36,679 |
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $16,931 | — | $16,931 |
| FIFTH THIRD BANK | Investment Advisor | $8,576 | — | $8,576 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $62,186
- Estimated Expense Ratio: 0.472% 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 | $62,186 | $45,255 | — | — | — |
| 2023 | $39,965 | $39,965 | — | — | — |
| 2022 | $44,408 | — | $44,408 | — | — |