Plan Snapshot
- Plan Sponsor: Fastco Industries, INC.
- Sponsor EIN: 382253225
- Sponsor Address: 2685 MULLINS NW, GRAND RAPIDS, MI, 49534
- Plan Type: DC
- Total Participants: 112
- Total Assets: $5.6M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 112 | $5.6M | $151,810 | $352,116 |
| 2023 | 118 | $5.9M | $96,557 | $290,218 |
| 2022 | 124 | $6.0M | $92,427 | $279,071 |
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 |
|---|---|---|---|---|
| GLOBAL RETIREMENT PARTNERS LLC | INVESTMENT ADVISOR | $23,341 | — | $23,341 |
| THE MICHIGAN PENSION GROUP, INC | CONTRACT ADMIN | $900 | $4,679 | $5,579 |
| WEINLANDER FITZHUGH | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WEINLANDER FITZHUGH — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $28,920
- Estimated Expense Ratio: 0.514% 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 | $2,540 | $2,330 | $210 | — | — |
| 2023 | — | — | — | — | — |
| 2022 | $9,813 | $9,813 | — | — | — |