# Cherry Street Services, INC. 403(b) Plan
Source: https://planprovider.pro/companies/cherry-street-services-inc-403b-plan

> Cherry Street Services, INC.'s 403(b) plan: 710 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/nationwide) — CUSTODIAN

- [YEO AND YEO](https://planprovider.pro/provider/yeo-and-yeo-pc) — 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|

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