Plan Snapshot
- Plan Sponsor: Ferris Coffee & Nut Company
- Sponsor EIN: 380536710
- Sponsor Address: 839 SEWARD AVE NW, GRAND RAPIDS, MI, 495045198
- Plan Type: 401(k)
- Total Participants: 82
- Total Assets: $2.8M
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 | 82 | $2.8M | $37,705 | $256,973 |
| 2023 | 85 | $2.8M | $53,203 | $234,152 |
| 2022 | 97 | $2.6M | $85,891 | $268,989 |
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 |
|---|---|---|---|---|
| PLANTE & MORAN, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PLANTE & MORAN, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $2,724 | — | $2,724 | — | — |
| 2023 | $3,597 | — | $3,597 | — | — |
| 2022 | $4,774 | — | $4,774 | — | — |