# Friedman Management Company 401(k) Plan
Source: https://planprovider.pro/companies/friedman-management-company-401k-plan

> Friedman Management Company's 401(k) plan: 438 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

| PRINCIPAL LIFE INSURANCE COMPANY|CONTRACT ADMINISTRATOR|$68,676|—|$68,676|

| CAPFINANCIAL PARTNERS, L|INVESTMENT ADVISORY|$32,206|—|$32,206|

| MANER COSTERISAN|ACCOUNTANT|$7,164|$2,636|$9,800|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [MANER COSTERISAN](https://planprovider.pro/provider/maner-costerisan-pc) — ACCOUNTANT

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $110,682

- **Estimated Expense Ratio:** 0.718% 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|—|—|

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