Plan Snapshot
- Plan Sponsor: Chippewa Luce Mackinac Community Action Human Resource Authority INC.
- Sponsor EIN: 381798626
- Sponsor Address: 524 ASHMUN ST, SAULT STE MARIE, MI, 49783
- Plan Type: 401(k)
- Total Participants: 228
- Total Assets: $6.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 228 | $6.9M | $320,252 | $360,403 |
| 2023 | 218 | $6.3M | $266,717 | $313,468 |
| 2022 | 216 | $6.1M | $236,030 | $300,261 |
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 |
|---|---|---|---|---|
| DGN, LLC | Auditor | $26,921 | — | $26,921 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DGN, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $26,921
- Estimated Expense Ratio: 0.392% 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 | $60,959 | $32,515 | $1,523 | $26,921 | — |
| 2023 | $59,187 | $23,406 | $9,781 | $26,000 | — |
| 2022 | $74,668 | $20,594 | $54,074 | — | — |