Plan Snapshot
- Plan Sponsor: Central Asphalt INC.
- Sponsor EIN: 382408252
- Sponsor Address: 900 S BRADLEY ST STE B, MOUNT PLEASANT, MI, 488583046
- Plan Type: Health & Welfare
- Plan Number: 525
- Total Participants: 236
- Total Assets: $539,915
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 | 236 | $539,915 | $4.9M | $332,956 |
| 2023 | 229 | $469,694 | $4.7M | $312,501 |
| 2022 | 218 | $132,358 | $4.0M | $307,227 |
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 |
|---|---|---|---|---|
| ASR HEALTH BENEFITS | Recordkeeper | $155,784 | — | $155,784 |
| GENERAL AGENCY COMPANY | Insurance Carrier | $84,144 | — | $84,144 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $239,928
- Estimated Expense Ratio: 44.438% 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 | $278,764 | — | $253,575 | — | — |
| 2023 | $266,676 | — | $239,410 | — | — |
| 2022 | $203,446 | — | $182,263 | — | $21,183 |