Plan Snapshot
- Plan Sponsor: Canal Street Brewing Co. LLC Dba Founders Brewing Company
- Sponsor EIN: 383314250
- Sponsor Address: 235 GRANDVILLE AVENUE SW, GRAND RAPIDS, MI, 495034037
- Plan Type: 401(k)
- Total Participants: 472
- Total Assets: $38.1M
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. |
|---|---|---|---|---|
| 2024 | 472 | $38.1M | $1.3M | $3.0M |
| 2023 | 448 | $27.3M | $1.1M | $2.5M |
| 2022 | 405 | $22.0M | $1.1M | $2.5M |
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 |
|---|---|---|---|---|
| HUNGERFORD | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HUNGERFORD — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $134,099 | — | $134,099 | — | — |
| 2023 | $125,001 | — | $124,702 | $299 | — |
| 2022 | $112,506 | — | $112,506 | — | — |