Plan Snapshot
- Plan Sponsor: Best Metal Products Company
- Sponsor EIN: 381806291
- Sponsor Address: 3570 RALEIGH DRIVE SE, GRAND RAPIDS, MI, 495122064
- Plan Type: DC
- Total Participants: 102
- Total Assets: $5.0M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 102 | $5.0M | $31,766 | $204,705 |
| 2023 | 103 | $4.6M | $103,689 | $224,647 |
| 2022 | 99 | $3.7M | $105,894 | $208,383 |
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 |
|---|---|---|---|---|
| GREENLEAF TRUST | Custodian / Trustee | $36,571 | — | $36,571 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $36,571
- Estimated Expense Ratio: 0.724% 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 | $36,571 | $31,681 | — | — | — |
| 2023 | $28,152 | $21,486 | — | — | — |
| 2022 | $28,099 | — | — | — | $28,099 |