Plan Snapshot
- Plan Sponsor: Commoneo, LLC
- Sponsor EIN: 464033009
- Sponsor Address: 50170 SCHOENHERR ROAD, SHELBY TOWNSHIP, MI, 48315
- Plan Type: 401(k)
- Total Participants: 820
- Total Assets: $1.7M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 820 | $1.7M | $0 | $780,283 |
| 2023 | 881 | $1.6M | $0 | $658,910 |
| 2022 | 722 | $813,920 | $0 | $435,297 |
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 |
|---|---|---|---|---|
| FREED MAXICK, P.C. | Auditor | — | — | $0 |
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 | $31,028 | — | $31,028 | — | — |
| 2023 | $20,877 | — | $20,877 | — | — |
| 2022 | $12,835 | — | $12,835 | — | — |