Plan Snapshot
- Plan Sponsor: Brotherhood Maintenance Of Way Employes Division Of Ibt
- Sponsor EIN: 386004309
- Sponsor Address: 41475 GARDENBROOK, NOVI, MI, 48375
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 126
- Total Assets: $4.7M
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 | 126 | $4.7M | $3.0M | $0 |
| 2023 | 136 | $5.1M | $5.2M | $0 |
| 2022 | 116 | $3.1M | $3.7M | $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 |
|---|---|---|---|---|
| CLARENCE H JOHNSON, CPA, PC | Other Service Provider | $17,854 | — | $17,854 |
| MORGAN STANLEY | Investment Advisor | $14,380 | — | $14,380 |
| FLEX ADMINISTRATORS, INC. | Other Service Provider | $8,293 | — | $8,293 |
| HERZFELD, SUETHOLZ, GASTEL, LENISKI | Other Service Provider | $7,898 | — | $7,898 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $48,425
- Estimated Expense Ratio: 1.027% 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 | $53,950 | $14,380 | — | $17,854 | — |
| 2023 | $56,034 | $11,277 | $8,680 | $19,343 | — |
| 2022 | $50,913 | $7,668 | $8,864 | — | $32,390 |