Plan Snapshot
- Plan Sponsor: Give Em A Brake Safety
- Sponsor EIN: 810599050
- Sponsor Address: 2610 SANFORD AVENUE, GRANDVILLE, MI, 49418
- Plan Type: 401(k)
- Total Participants: 263
- Total Assets: $7.6M
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 | 263 | $7.6M | $445,757 | $609,128 |
| 2023 | 226 | $6.5M | $360,228 | $475,588 |
| 2022 | 172 | $4.9M | $273,784 | $377,001 |
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 |
|---|---|---|---|---|
| ALERUS INVESTMENT ADVISORS, INC. | NONE | $30,921 | — | $30,921 |
| ALERUS FINANCIAL, N.A. | NONE | $17,824 | — | $17,824 |
| GRANT, MILLMAN & JOHNSON, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALERUS FINANCIAL, N.A. — NONE
- GRANT, MILLMAN & JOHNSON, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $48,745
- Estimated Expense Ratio: 0.639% 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 | $48,745 | $30,921 | — | — | — |
| 2023 | $30,898 | — | — | — | — |
| 2022 | $29,150 | $13,590 | — | — | — |