Plan Snapshot
- Plan Sponsor: Gkn Driveline North America, INC.
- Sponsor EIN: 132886932
- Sponsor Address: 2200 NORTH OPDYKE ROAD, AUBURN HILLS, MI, 48326
- Plan Type: 401(k)
- Total Participants: 3,047
- Total Assets: $394.3M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 3,047 | $394.3M | $7.6M | $20.9M |
| 2023 | 3,694 | $376.7M | $4.8M | $13.6M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $156,848 | — | $156,848 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $104,561 | — | $104,561 |
| DICKINSON-WRIGHT | ATTORNEY/LEGAL | $72,139 | — | $72,139 |
| FIDUCIENT ADVISORS | ACCOUNTANT/AUDITOR | $67,485 | — | $67,485 |
| CROWE LLP | ACCOUNTANT/AUDITOR | $27,459 | — | $27,459 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
- DICKINSON-WRIGHT — ATTORNEY/LEGAL
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $428,492
- Estimated Expense Ratio: 0.109% 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 | $443,540 | $104,561 | $3,300 | $42,507 | — |
| 2023 | $252,117 | $87,662 | $1,500 | — | — |