Plan Snapshot
- Plan Sponsor: Freudenberg North America LP
- Sponsor EIN: 020383413
- Sponsor Address: 47774 WEST ANCHOR COURT, PLYMOUTH, MI, 48170
- Plan Type: 401(k)
- Total Participants: 5,985
- Total Assets: $619.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 5,985 | $619.2M | $19.8M | $27.4M |
| 2023 | 6,443 | $572.3M | $18.3M | $26.1M |
| 2022 | 6,426 | $488.6M | $15.5M | $24.1M |
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 |
|---|---|---|---|---|
| SIKICH CPA LLC | Auditor | $28,404 | — | $28,404 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SIKICH CPA LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $28,404
- Estimated Expense Ratio: 0.005% 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 | $775,182 | $307,674 | — | $28,404 | — |
| 2023 | $730,677 | $331,559 | — | $43,167 | — |
| 2022 | $545,350 | $354,844 | — | — | $31,200 |