Plan Snapshot
- Plan Sponsor: Brighton Employment, INC.
- Sponsor EIN: 471813714
- Sponsor Address: 775 N SECOND ST, BRIGHTON, MI, 48116
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 861
- Total Assets: $26.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 861 | $26.7M | $692,179 | $2.7M |
| 2022 | 760 | $20.9M | $576,255 | $2.3M |
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 |
|---|---|---|---|---|
| FIDELITY WORKPLACE SERVICES LLC | Recordkeeper | $41,800 | — | $41,800 |
| CAPITAL ASSET ADVISORY SERVICES LLC | Investment Advisor | $32,546 | — | $32,546 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CAPITAL ASSET ADVISORY SERVICES LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $74,346
- Estimated Expense Ratio: 0.279% 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 | $74,346 | $32,546 | $300 | — | — |
| 2022 | $89,194 | — | — | — | — |