Plan Snapshot
- Plan Sponsor: Dematic Corp.
- Sponsor EIN: 043834872
- Sponsor Address: 507 PLYMOUTH AVE NE, GRAND RAPIDS, MI, 495056029
- Plan Type: 401(k)
- Total Participants: 3,976
- Total Assets: $843.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 3,976 | $843.7M | $26.4M | $42.7M |
| 2023 | 4,274 | $747.3M | $26.5M | $41.5M |
| 2022 | 4,327 | $614.6M | $16.7M | $39.2M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $547,487 | — | $547,487 |
| STIFEL PEARLSTREET INVESTMENT MANAG | INVESTMENT MANAGEMENT | $80,000 | — | $80,000 |
| ECHELBARGER, HIMEBAUGH, TAMM & CO. | ACCOUNTANT | $23,900 | — | $23,900 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STIFEL PEARLSTREET INVESTMENT MANAG — INVESTMENT MANAGEMENT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $651,387
- Estimated Expense Ratio: 0.077% 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 | $656,765 | $80,000 | $552,865 | — | — |
| 2023 | $598,147 | — | $598,147 | — | — |
| 2022 | $555,700 | — | $555,700 | — | — |