Plan Snapshot
- Plan Sponsor: Canteen Services, INC. Pension Plan
- Sponsor EIN: 381557774
- Sponsor Address: 3755 BROADMOOR SE, GRAND RAPIDS, MI, 495123964
- Plan Type: DB
- Plan Number: 001
- Total Participants: 6
- Total Assets: $5.8M
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 | 6 | $5.8M | $29,914 | $0 |
| 2023 | 7 | $9.2M | $291,166 | $0 |
| 2022 | 7 | $7.9M | $313,396 | $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 |
|---|---|---|---|---|
| WATKINS, ROSS & CO | Other Service Provider | $98,378 | — | $98,378 |
| CRYSTAL VIEW CAPITAL | Other Service Provider | $54,704 | — | $54,704 |
| VARNUM | ERISA Attorney | $33,962 | — | $33,962 |
| VANDERPLOEG BERGAKKER & ASSOCIATES | Other Service Provider | $31,012 | — | $31,012 |
| MACATAWA BANK | Other Service Provider | $24,294 | — | $24,294 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- VARNUM — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $242,350
- Estimated Expense Ratio: 4.214% 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 | $276,988 | $54,704 | — | $31,012 | — |
| 2023 | $225,106 | $59,198 | — | $13,950 | — |
| 2022 | $255,847 | $51,677 | — | — | $97,179 |