Plan Snapshot
- Plan Sponsor: Ervin Industries, INC.
- Sponsor EIN: 380522445
- Sponsor Address: 3893 RESEARCH PARK DRIVE, ANN ARBOR, MI, 48108
- Plan Type: 401(k)
- Total Participants: 156
- Total Assets: $52.0M
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 | 156 | $52.0M | $2.3M | $778,130 |
| 2023 | 159 | $48.1M | $2.2M | $784,303 |
| 2022 | 166 | $41.4M | $2.1M | $722,835 |
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 |
|---|---|---|---|---|
| ASCENSUS LLC | NONE | $7,164 | $24 | $7,188 |
| BDO USA, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BDO USA, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $7,188
- Estimated Expense Ratio: 0.014% 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 | $7,164 | — | $7,164 | — | — |
| 2023 | $6,354 | — | $6,354 | — | — |
| 2022 | $7,536 | — | $7,536 | — | — |