Plan Snapshot
- Plan Sponsor: Bandit Industries, INC.
- Sponsor EIN: 382798375
- Sponsor Address: 6750 MILLBROOK ROAD, REMUS, MI, 49340
- Plan Type: 401(k)
- Total Participants: 501
- Total Assets: $16.6M
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 | 501 | $16.6M | $0 | $729,864 |
| 2023 | 716 | $17.3M | $0 | $865,289 |
| 2022 | 566 | $14.9M | $0 | $812,980 |
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 | $65,436 | — | $65,436 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $35,570 | — | $35,570 |
| FIFTH THIRD BANK | Investment Advisor | $16,222 | — | $16,222 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $117,228
- Estimated Expense Ratio: 0.708% 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 | $117,228 | $81,658 | — | — | — |
| 2023 | $109,114 | $75,864 | — | — | — |
| 2022 | $105,845 | $71,531 | $34,314 | — | — |