Plan Snapshot
- Plan Sponsor: Fm Sylvan, INC.
- Sponsor EIN: 223841378
- Sponsor Address: 26555 EVERGREEN ROAD, SOUTHFIELD, MI, 48076
- Plan Type: 401(k)
- Total Participants: 166
- Total Assets: $10.4M
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 | 166 | $10.4M | $659,130 | $1.3M |
| 2023 | 137 | $7.6M | $344,596 | $956,559 |
| 2022 | 93 | $6.9M | $90,000 | $830,351 |
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 |
|---|---|---|---|---|
| GREGORY J SCHWARTZ & COMPANY INC | Investment Advisor | $29,569 | — | $29,569 |
| DOEREN MAYHEW & CO., P.C. | Auditor | $14,794 | — | $14,794 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $10,794 | — | $10,794 |
| ALLIANT INSURANCE SERVICES INC | Other Service Provider | $760 | $8,448 | $9,208 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $9,109 | — | $9,109 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $73,474
- Estimated Expense Ratio: 0.707% 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 | $65,026 | — | $65,026 | — | — |
| 2023 | $46,077 | — | $46,077 | — | — |
| 2022 | — | — | — | — | — |