Plan Snapshot
- Plan Sponsor: Chelsea Milling Company
- Sponsor EIN: 380415770
- Sponsor Address: 201 WEST NORTH STREET, CHELSEA, MI, 48118
- Plan Type: DC
- Total Participants: 342
- Total Assets: $49.8M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 342 | $49.8M | $908,557 | $2.0M |
| 2023 | 346 | $46.7M | $749,661 | $1.9M |
| 2022 | 317 | $44.8M | $340,837 | $1.8M |
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 |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS | RECORDKEEPER | $33,895 | — | $33,895 |
| CAPTRUST LLC | INVESTMENT ADVISOR | $20,000 | — | $20,000 |
| DOEREN MAYHEW ASSURANCE | AUDITOR | $13,170 | — | $13,170 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — RECORDKEEPER
- CAPTRUST LLC — INVESTMENT ADVISOR
- DOEREN MAYHEW ASSURANCE — AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $67,065
- Estimated Expense Ratio: 0.135% 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 | $67,065 | $20,000 | — | $13,170 | — |
| 2023 | $64,283 | $32,700 | — | — | — |
| 2022 | $85,360 | $31,700 | — | — | — |