Plan Snapshot
- Plan Sponsor: Betten Friendly Motors
- Sponsor EIN: 382023962
- Sponsor Address: 1625 S BEACON BLVD SUITE B, GRAND HAVEN, MI, 49417
- Plan Type: 401(k)
- Total Participants: 242
- Total Assets: $9.8M
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 | 242 | $9.8M | $99,805 | $705,974 |
| 2023 | 149 | $9.0M | $125,141 | $884,446 |
| 2022 | 226 | $7.4M | $131,122 | $873,050 |
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 |
|---|---|---|---|---|
| DOLINKA, VANNOORD & COMPANY PLL | 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 | $66,180 | $16,263 | — | — | — |
| 2023 | $51,500 | — | — | — | — |
| 2022 | $32,445 | — | $32,445 | — | — |