Plan Snapshot
- Plan Sponsor: Ghafari Associates, LLC
- Sponsor EIN: 383530824
- Sponsor Address: 17101 MICHIGAN AVE., DEARBORN, MI, 48126
- Plan Type: 401(k)
- Total Participants: 434
- Total Assets: $106.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 434 | $106.6M | $1.4M | $6.3M |
| 2023 | 601 | $99.6M | $1.1M | $6.8M |
| 2022 | 615 | $80.6M | $980,205 | $6.0M |
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 & CO. | Investment Advisor | $118,809 | — | $118,809 |
| STRATEGIC ADVISORS, INC. | Investment Advisor | $22,835 | — | $22,835 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $141,644
- Estimated Expense Ratio: 0.133% 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 | $146,476 | $141,644 | — | — | — |
| 2023 | $127,488 | $123,595 | — | — | — |
| 2022 | $125,564 | $17,367 | — | — | — |