Plan Snapshot
- Plan Sponsor: Baker College Professional Services, INC.
- Sponsor EIN: 383043861
- Sponsor Address: 1020 S. WASHINGTON STREET, OWOSSO, MI, 48867
- Plan Type: 403(b)
- Total Participants: 848
- Total Assets: $9.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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. |
|---|---|---|---|---|
| 2024 | 848 | $9.7M | $0 | $1.1M |
| 2023 | 892 | $9.1M | $1,445 | $1.0M |
| 2022 | 988 | $5.4M | $2,333 | $532,265 |
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 |
|---|---|---|---|---|
| LEWIS & KNOPF, P.C. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $58,479 | $14,223 | $44,256 | — | — |
| 2023 | $39,428 | $10,022 | $29,406 | — | — |
| 2022 | $7,779 | $2,096 | $5,683 | — | — |