Plan Snapshot
- Plan Sponsor: Espec North America, INC.
- Sponsor EIN: 133183033
- Sponsor Address: 4141 CENTRAL PARKWAY, HUDSONVILLE, MI, 49426
- Plan Type: 401(k)
- Total Participants: 255
- Total Assets: $19.7M
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 | 255 | $19.7M | $266,256 | $1.3M |
| 2023 | 235 | $17.4M | $265,918 | $1.2M |
| 2022 | 234 | $14.2M | $270,917 | $1.1M |
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 | RECORDKEEPER | $37,533 | — | $37,533 |
| ONEDIGITAL INVESTMENT ADVISORS LLC | INVESTMENT ADVISOR | $23,000 | — | $23,000 |
| ESPEC NORTH AMERICA INC | OTHER | $14,664 | — | $14,664 |
| RESOURCES INVESTMENT ADVISORS, LLC | INVESTMENT MGMT | $7,705 | — | $7,705 |
| CROWE LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ONEDIGITAL INVESTMENT ADVISORS LLC — INVESTMENT ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $82,902
- Estimated Expense Ratio: 0.421% 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 | $82,902 | $30,705 | — | — | — |
| 2023 | $62,074 | $31,281 | — | — | — |
| 2022 | $60,209 | $30,219 | $29,990 | — | — |