Plan Snapshot
- Plan Sponsor: First Bank Upper Michigan
- Sponsor EIN: 380579985
- Sponsor Address: 1400 DELTA AVENUE, GLADSTONE, MI, 49837
- Plan Type: 401(k)
- Total Participants: 122
- Total Assets: $29.0M
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 | 122 | $29.0M | $409,108 | $688,143 |
| 2023 | 121 | $25.9M | $421,435 | $673,855 |
| 2022 | 125 | $22.1M | $393,320 | $622,243 |
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 |
|---|---|---|---|---|
| ANDREWS HOOPER PAVLIK PLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ANDREWS HOOPER PAVLIK PLC — 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 | $9,669 | — | — | — | — |
| 2023 | $2,250 | $1,827 | — | — | — |
| 2022 | $2,207 | $2,207 | — | — | — |