# Detroit Forming, INC. 401(k) Plan
Source: https://planprovider.pro/companies/detroit-forming-inc-401k-plan

> Detroit Forming, INC.&#39;s 401(k) plan: 223 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/the-vanguard-group-inc) — NONE

- [FENNER MELSTROM & DOOLING PLC](https://planprovider.pro/provider/fenner-melstrom-and-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|—|—|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/detroit-forming-inc-401k-plan)

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