Plan Snapshot
- Plan Sponsor: Balance Technology, INC.
- Sponsor EIN: 382822225
- Sponsor Address: 7035 JOMAR ROAD, WHITMORE LAKE, MI, 48189
- Plan Type: 401(k)
- Total Participants: 72
- Total Assets: $15.7M
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. |
|---|---|---|---|---|
| 2024 | 72 | $15.7M | $113,880 | $486,648 |
| 2023 | 80 | $17.1M | $131,531 | $613,924 |
| 2022 | 150 | $15.3M | $170,581 | $676,874 |
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 |
|---|---|---|---|---|
| PLANTE & MORAN, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PLANTE & MORAN, PLLC — Auditor
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 | $72,824 | $49,997 | $22,827 | — | — |
| 2023 | $58,490 | $37,376 | $21,114 | — | — |
| 2022 | $75,146 | $40,509 | $25,763 | — | $8,874 |