Plan Snapshot
- Plan Sponsor: Bob Maxey Lincoln, INC.
- Sponsor EIN: 381807015
- Sponsor Address: 16901 MACK AVENUE, DETROIT, MI, 48224
- Plan Type: 401(k)
- Total Participants: 202
- Total Assets: $11.6M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 202 | $11.6M | $0 | $862,760 |
| 2023 | 190 | $10.2M | $0 | $832,368 |
| 2022 | 167 | $8.2M | $0 | $719,542 |
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 |
|---|---|---|---|---|
| PLANTE & MORAN PLLC | Auditor | $20,000 | — | $20,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $20,000
- Estimated Expense Ratio: 0.172% 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 | $74,211 | $27,831 | $26,380 | $20,000 | — |
| 2023 | $55,584 | $22,929 | $13,155 | $19,500 | — |
| 2022 | $35,882 | $23,595 | $12,287 | — | — |