Plan Snapshot
- Plan Sponsor: Fuyao Automotive North America
- Sponsor EIN: 364636034
- Sponsor Address: 909 SHELDON ROAD, PLYMOUTH, MI, 48170
- Plan Type: 401(k)
- Total Participants: 239
- Total Assets: $6.8M
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 | 239 | $6.8M | $354,022 | $796,879 |
| 2023 | 224 | $5.3M | $363,657 | $801,914 |
| 2022 | 244 | $3.6M | $324,492 | $692,505 |
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 |
|---|---|---|---|---|
| LPL FINANCIAL | INVESTMENT ADVISOR | $29,593 | — | $29,593 |
| THE MICHIGAN PENSION GROUP, INC. | CONTRACT ADMIN | $4,990 | $2,815 | $7,805 |
| EMPOWER ANNUITY INSURANCE CO OF AM | RECORDKEEPER | $5,227 | — | $5,227 |
| BARNES DENNIG & CO., LTD | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BARNES DENNIG & CO., LTD — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $42,625
- Estimated Expense Ratio: 0.631% 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 | $49,848 | — | $41,386 | — | — |
| 2023 | $34,514 | — | $29,014 | — | — |
| 2022 | $21,285 | $2,800 | $10,989 | — | $7,496 |