Plan Snapshot
- Plan Sponsor: Fast Switch - Great Lakes LLC Dba Fasttek Global
- Sponsor EIN: 843717282
- Sponsor Address: 17177 N. LAUREL PARK DRIVE, LAVONIA, MI, 48152
- Plan Type: 401(k)
- Total Participants: 156
- Total Assets: $8.1M
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 | 156 | $8.1M | $286,745 | $913,264 |
| 2023 | 205 | $6.9M | $350,990 | $1.1M |
| 2022 | 249 | $5.8M | $351,256 | $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 |
|---|---|---|---|---|
| THE PENSION DESIGN GROUP | TPA | $13,935 | $1,018 | $14,953 |
| NATIONWIDE | RECORDKEEPER | $5,717 | — | $5,717 |
| WEINLANDER FITZHUGH | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NATIONWIDE — RECORDKEEPER
- WEINLANDER FITZHUGH — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $20,670
- Estimated Expense Ratio: 0.256% 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 | $33,001 | $5,091 | — | — | — |
| 2023 | $46,980 | — | — | — | — |
| 2022 | $41,379 | — | — | — | — |