Plan Snapshot
- Plan Sponsor: Friedman Management Company
- Sponsor EIN: 382961880
- Sponsor Address: 34875 WEST TWELVE MILE ROAD, FARMINGTON HILLS, MI, 48331
- Plan Type: 401(k)
- Total Participants: 438
- Total Assets: $15.4M
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 | 438 | $15.4M | $167,099 | $1.8M |
| 2023 | 354 | $13.5M | $176,164 | $1.5M |
| 2022 | 330 | $10.9M | $169,032 | $1.5M |
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 |
|---|---|---|---|---|
| MANER COSTERISAN | Auditor | $7,164 | — | $7,164 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MANER COSTERISAN — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $7,164
- Estimated Expense Ratio: 0.046% 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 | $108,046 | $32,206 | $68,676 | $7,164 | — |
| 2023 | $76,600 | $18,970 | $57,630 | — | — |
| 2022 | $85,054 | $24,829 | $60,225 | — | — |