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 |
|---|---|---|---|---|
| PLANTE MORAN | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | — | — | — |