Plan Snapshot
- Plan Sponsor: Block Imaging International, INC.
- Sponsor EIN: 383381724
- Sponsor Address: 1845 N CEDAR ST, HOLT, MI, 48842
- Plan Type: 401(k)
- Total Participants: 222
- Total Assets: $16.3M
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. |
|---|---|---|---|---|
| 2023 | 222 | $16.3M | $605,277 | $1.3M |
| 2022 | 171 | $12.0M | $622,823 | $1.2M |
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 | Recordkeeper | $152,624 | — | $152,624 |
| OHIO NATIONAL INSURANCE AGENCY INC | Other Service Provider | — | $34,818 | $34,818 |
| GREAT LAKES PENSION ASSOCIATES INC | Other Service Provider | $14,008 | $11,728 | $25,736 |
| O N EQUITY SALES CO | Other Service Provider | — | $23,826 | $23,826 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $237,004
- Estimated Expense Ratio: 1.450% 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 |
|---|---|---|---|---|---|
| 2023 | $83,316 | — | $83,316 | — | — |
| 2022 | $64,822 | — | $64,322 | — | $500 |