Plan Snapshot
- Plan Sponsor: Fives INC.
- Sponsor EIN: 383503183
- Sponsor Address: 23400 HALSTED ROAD, FARMINGTON HILLS, MI, 48335
- Plan Type: 401(k)
- Total Participants: 1,506
- Total Assets: $314.4M
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 | 1,506 | $314.4M | $7.0M | $14.9M |
| 2023 | 1,439 | $295.5M | $6.7M | $14.2M |
| 2022 | 1,386 | $260.5M | $6.0M | $12.3M |
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 |
|---|---|---|---|---|
| GBQ PARTNERS, LLC | Auditor | $20,500 | — | $20,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GBQ PARTNERS, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $20,500
- Estimated Expense Ratio: 0.007% 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 | $150,374 | — | $3,000 | $20,500 | — |
| 2023 | $145,929 | — | $300 | $20,000 | — |
| 2022 | $96,353 | — | — | — | — |