Plan Snapshot
- Plan Sponsor: Jtekt Column Systems North America Corporation
- Sponsor EIN: 382901695
- Sponsor Address: 300 ALBERS ROAD, BRONSON, MI, 49028
- Plan Type: 401(k)
- Total Participants: 363
- Total Assets: $13.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- 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 | 363 | $13.0M | $608,286 | $904,092 |
| 2023 | 308 | $14.1M | $522,104 | $785,133 |
| 2022 | 288 | $12.3M | $454,040 | $735,308 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $86,237 | — | $86,237 |
| SIGMA FINANCIAL CORPORATION | BROKER/ADVISER | — | $32,939 | $32,939 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $9,813 | — | $9,813 |
| PLANTE MORAN | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $128,989
- Estimated Expense Ratio: 0.993% 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 | $101,560 | $9,813 | — | — | — |
| 2023 | $85,778 | $9,428 | — | — | — |
| 2022 | $86,354 | — | $86,354 | — | — |