Plan Snapshot
- Plan Sponsor: Bayloff Stamped Products
- Sponsor EIN: 381776172
- Sponsor Address: 5910 BELLEVILLE ROAD, VAN BUREN TWP, MI, 48111
- Plan Type: 401(k)
- Total Participants: 146
- Total Assets: $8.7M
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 | 146 | $8.7M | $37,513 | $568,086 |
| 2023 | 218 | $8.1M | $51,264 | $559,372 |
| 2022 | 211 | $6.9M | $47,925 | $493,186 |
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 |
|---|---|---|---|---|
| SWAD & COMPANY, C.P.A'S | 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 | $39,765 | $16,514 | $19,411 | — | — |
| 2023 | $41,587 | $4,943 | $26,043 | — | — |
| 2022 | $39,060 | $4,687 | $24,329 | — | $10,044 |