Plan Snapshot
- Plan Sponsor: Newcor, INC.
- Sponsor EIN: 380865770
- Sponsor Address: 401 SOUTH CHESTNUT STREET, OWOSSO, MI, 48867
- Plan Type: 401(k)
- Total Participants: 251
- Total Assets: $3.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 251 | $3.4M | $71,701 | $163,649 |
| 2023 | 279 | $3.0M | $71,780 | $169,991 |
| 2022 | 391 | $2.6M | $123,624 | $300,501 |
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 |
|---|---|---|---|---|
| MCCLAIN SMITH & WENZ PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MCCLAIN SMITH & WENZ PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $1,230 | — | — | — | — |
| 2023 | $1,211 | $3 | $180 | — | — |
| 2022 | $16,822 | — | $16,822 | — | — |