Plan Snapshot
- Plan Sponsor: Axios Incorporated
- Sponsor EIN: 383043089
- Sponsor Address: 528 4TH STREET, GRAND RAPIDS, MI, 49504
- Plan Type: 401(k)
- Total Participants: 5,070
- Total Assets: $63.4M
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 | 5,070 | $63.4M | $3.1M | $6.3M |
| 2023 | 5,683 | $53.8M | $2.9M | $5.4M |
| 2022 | 8,161 | $52.8M | $3.0M | $5.4M |
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 ANNUITY INSURANCE CO | Recordkeeper | $138,139 | — | $138,139 |
| CAPFINANCIAL PARTNERS, LLC | Investment Advisor | $114,434 | — | $114,434 |
| EMPOWER ADVISORY GROUP | Investment Advisor | $6,036 | — | $6,036 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $258,609
- Estimated Expense Ratio: 0.408% 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 | $247,969 | — | $247,969 | — | — |
| 2023 | $172,739 | $132,895 | $39,231 | — | — |
| 2022 | $313,945 | $189,459 | $119,424 | — | — |