Plan Snapshot
- Plan Sponsor: Fentura Financial INC.
- Sponsor EIN: 382806518
- Sponsor Address: 175 NORTH LEROY STREET, FENTON, MI, 48430
- Plan Type: 401(k)
- Total Participants: 216
- Total Assets: $25.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 216 | $25.5M | $704,169 | $1.4M |
| 2023 | 226 | $24.7M | $861,557 | $1.3M |
| 2022 | 211 | $20.0M | $743,722 | $1.2M |
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 |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS L | RECORDKEEPER | $49,444 | — | $49,444 |
| ONEDIGITAL INVESTMENT ADVISORS | INVESTMENT ADVISORY - PL | $41,419 | — | $41,419 |
| MANER COSTERISAN | AUDIT | $13,225 | — | $13,225 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS L — RECORDKEEPER
- ONEDIGITAL INVESTMENT ADVISORS — INVESTMENT ADVISORY - PL
- MANER COSTERISAN — AUDIT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $104,088
- Estimated Expense Ratio: 0.408% 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 | $109,716 | $28,420 | — | $20,500 | — |
| 2023 | $131,401 | $50,105 | — | $20,500 | — |
| 2022 | $100,627 | — | — | — | $100,627 |