Plan Snapshot
- Plan Sponsor: Betz Industries, INC.
- Sponsor EIN: 381243090
- Sponsor Address: 2121 BRISTOL AVENUE, N.W., GRAND RAPIDS, MI, 495041403
- Plan Type: 401(k)
- Total Participants: 142
- Total Assets: $17.5M
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 | 142 | $17.5M | $88,540 | $711,859 |
| 2023 | 136 | $17.2M | $88,581 | $698,178 |
| 2022 | 147 | $16.3M | $92,530 | $760,994 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $65,504 | — | $65,504 |
| ROCKEFELLER CAPITAL MANAGEMENT | INVESTMENT ADVISORY | — | $31,537 | $31,537 |
| HELMHOLDT+COMPANY LLP, CPAS | AUDITOR | $14,370 | — | $14,370 |
| MERRILL LYNCH | INVESTMENT ADVISORY | — | $11,501 | $11,501 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HELMHOLDT+COMPANY LLP, CPAS — AUDITOR
- MERRILL LYNCH — INVESTMENT ADVISORY
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $122,912
- Estimated Expense Ratio: 0.703% 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 | $93,154 | — | $78,784 | $14,370 | — |
| 2023 | $60,517 | — | $47,237 | $13,280 | — |
| 2022 | $73,188 | — | $60,578 | — | $12,610 |