Plan Snapshot
- Plan Sponsor: Dowding Industries, INC.
- Sponsor EIN: 381959129
- Sponsor Address: 449 MARILIN AVENUE, EATON RAPIDS, MI, 48827
- Plan Type: 401(k)
- Total Participants: 198
- Total Assets: $8.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 198 | $8.4M | $357,711 | $616,383 |
| 2023 | 194 | $6.9M | $350,264 | $603,432 |
| 2022 | 177 | $5.3M | $310,644 | $536,911 |
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 |
|---|---|---|---|---|
| PROACCOUNT | Recordkeeper | $30,779 | — | $30,779 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PROACCOUNT — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $30,779
- Estimated Expense Ratio: 0.365% 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 | $33,229 | — | $33,229 | — | — |
| 2023 | $19,885 | — | $19,885 | — | — |
| 2022 | $9,432 | — | $9,432 | — | — |