Plan Snapshot
- Plan Sponsor: Cherry Central Cooperative, INC.
- Sponsor EIN: 382010272
- Sponsor Address: 1771 N US 31 SOUTH, TRAVERSE CITY, MI, 496850988
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 242
- Total Assets: $18.5M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 242 | $18.5M | $359,778 | $871,343 |
| 2023 | 217 | $16.6M | $324,270 | $729,413 |
| 2022 | 209 | $14.4M | $312,973 | $725,195 |
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 |
|---|---|---|---|---|
| CAPTRUST | Investment Advisor | $50,521 | — | $50,521 |
| SENTINEL BENEFITS GROUP, INC. | Recordkeeper | $23,692 | — | $23,692 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SENTINEL BENEFITS GROUP, INC. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $74,213
- Estimated Expense Ratio: 0.401% 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 | $78,637 | $50,521 | — | — | — |
| 2023 | $110,652 | $61,710 | — | — | — |
| 2022 | $97,879 | $45,921 | — | — | $51,958 |