# Chardam Gear Company, INC. 401(k) Plan
Source: https://planprovider.pro/companies/chardam-gear-company-inc-401k-plan

> Chardam Gear Company, INC.&#39;s 401(k) plan: 128 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Chardam Gear Company, INC.

- **Sponsor EIN:** 382599660

- **Sponsor Address:** 40805 MOUND ROAD, STERLING HEIGHTS, MI, 483102258

- **Plan Type:** 401(k)

- **Total Participants:** 128

- **Total Assets:** $11.8M

## 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.|

| 2024|128|$11.8M|$317,024|$681,495|

| 2023|130|$10.1M|$290,798|$631,221|

| 2022|151|$8.7M|$262,485|$591,542|

## 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|

| DOEREN MAYHEW ASSURANCE|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [DOEREN MAYHEW ASSURANCE](https://planprovider.pro/provider/doeren-mayhew-assurance) — 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|$19,465|$66|$19,399|—|—|

| 2023|$19,994|—|$19,994|—|—|

| 2022|$18,021|—|$18,021|—|—|

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