Plan Snapshot
- Plan Sponsor: Davenport University
- Sponsor EIN: 381945965
- Sponsor Address: 6191 KRAFT AVE SE, GRAND RAPIDS, MI, 49512
- Plan Type: 403(b)
- Total Participants: 1,506
- Total Assets: $164.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,506 | $164.2M | $1.9M | $1.5M |
| 2023 | 1,330 | $163.9M | $1.8M | $1.7M |
| 2022 | 1,078 | $154.2M | $2.2M | $1.9M |
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 |
|---|---|---|---|---|
| PLANTE & MORAN, PLLC. | Auditor | $24,250 | — | $24,250 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $24,250
- Estimated Expense Ratio: 0.015% 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 | $174,473 | $82,037 | $512 | $24,250 | — |
| 2023 | $125,491 | $59,379 | $1,968 | $7,000 | — |
| 2022 | $108,669 | $54,600 | — | — | — |