Plan Snapshot
- Plan Sponsor: Eftec North America LLC
- Sponsor EIN: 383339877
- Sponsor Address: 20219 NORTHLINE ROAD, TAYLOR, MI, 48180
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 90
- Total Assets: $15.2M
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. |
|---|---|---|---|---|
| 2023 | 90 | $15.2M | $404,880 | $391,450 |
| 2022 | 79 | $12.4M | $290,327 | $317,998 |
| 2020 | 66 | $16.4M | $333,421 | $386,983 |
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 |
|---|---|---|---|---|
| ELLIOTT DAVIS, LLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 |
|---|---|---|---|---|---|
| 2023 | $1,475 | — | $1,025 | — | — |
| 2022 | $1,375 | — | — | — | — |
| 2020 | $31,319 | — | — | $31,319 | — |