Plan Snapshot
- Plan Sponsor: Betz Industries, INC.
- Sponsor EIN: 381243090
- Sponsor Address: 2121 BRISTOL AVENUE, N.W., GRAND RAPIDS, MI, 495041403
- Plan Type: DB
- Total Participants: 101
- Total Assets: $16.2M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 101 | $16.2M | $0 | $0 |
| 2023 | 100 | $16.0M | $0 | $0 |
| 2022 | 101 | $14.8M | $0 | $0 |
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 |
|---|---|---|---|---|
| HELMHOLDT+COMPANY LLP, CPAS | AUDITOR | $26,230 | — | $26,230 |
| PRINCIPAL GLOBAL INVESTORS, LLC | INVESTMENT ADVISORY | $11,063 | — | $11,063 |
| PRINCIPAL LIFE ISURANCE COMPANY | CONTRACT ADMINISTRATOR | $9,015 | — | $9,015 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HELMHOLDT+COMPANY LLP, CPAS — AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $46,308
- Estimated Expense Ratio: 0.286% 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 | $65,498 | $11,063 | $9,015 | $26,230 | — |
| 2023 | $48,444 | $10,547 | $7,201 | — | — |
| 2022 | $40,469 | $10,978 | $879 | — | $11,980 |