Plan Snapshot
- Plan Sponsor: Detroit Forming, INC.
- Sponsor EIN: 381680686
- Sponsor Address: 19100 WEST EIGHT MILE ROAD, SOUTHFIELD, MI, 480755726
- Plan Type: 401(k)
- Total Participants: 223
- Total Assets: $31.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 223 | $31.3M | $635,977 | $554,553 |
| 2023 | 181 | $31.1M | $671,220 | $559,657 |
| 2022 | 183 | $27.3M | $0 | $662,976 |
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 |
|---|---|---|---|---|
| GREGORY J. SCHWARTZ & CO., INC. | NONE | $56,475 | — | $56,475 |
| THE VANGUARD GROUP, INC. | NONE | $26,248 | — | $26,248 |
| FENNER MELSTROM & DOOLING PLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- THE VANGUARD GROUP, INC. — NONE
- FENNER MELSTROM & DOOLING PLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $82,723
- Estimated Expense Ratio: 0.264% 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 | $87,623 | $9,873 | $77,750 | — | — |
| 2023 | $62,366 | — | — | — | — |
| 2022 | $75,040 | — | — | — | — |