Plan Snapshot
- Plan Sponsor: Cherry Street Services, INC.
- Sponsor EIN: 382853534
- Sponsor Address: 100 CHERRY STREET SE, GRAND RAPIDS, MI, 49503
- Plan Type: 403(b)
- Total Participants: 710
- Total Assets: $42.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 710 | $42.5M | $1.3M | $2.5M |
| 2023 | 748 | $37.4M | $1.3M | $2.4M |
| 2022 | 727 | $32.1M | $1.2M | $2.2M |
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 |
|---|---|---|---|---|
| NATIONWIDE | CUSTODIAN | $100,179 | — | $100,179 |
| DOEREN MAYHEW ADVISORS | TPA | $49,021 | — | $49,021 |
| IRON-CO-FID COMPREHENSIVE | INVESTMENT MANAGEMENT | $20,387 | — | $20,387 |
| BEENE GARTER A DOEREN MAYNEW FIRM | TPA | $6,168 | — | $6,168 |
| YEO AND YEO | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NATIONWIDE — CUSTODIAN
- YEO AND YEO — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $175,755
- Estimated Expense Ratio: 0.414% 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 | $83,474 | $83,474 | — | — | — |
| 2023 | $223,714 | $20,892 | $146,731 | — | — |
| 2022 | $210,201 | $18,392 | $139,569 | — | $52,240 |