Plan Snapshot
- Plan Sponsor: Dearborn Schools Employee Healthcare Program Voluntary Employee
- Sponsor EIN: 465215047
- Sponsor Address: 15250 MERCANTILE DRIVE, DEARBORN, MI, 48120
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 2,330
- Total Assets: $43.5M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 2,330 | $43.5M | $38.6M | $3.2M |
| 2023 | 2,312 | $37.3M | $36.5M | $3.0M |
| 2022 | 2,217 | $30.3M | $34.8M | $3.1M |
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 |
|---|---|---|---|---|
| K & M ACCOUNTING L.L.C. | Other Service Provider | $956,597 | — | $956,597 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $956,597
- Estimated Expense Ratio: 2.200% 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 | $236,431 | — | — | — | — |
| 2023 | $130,377 | — | — | — | — |
| 2022 | $113,355 | — | — | — | — |