Plan Snapshot
- Plan Sponsor: Godwin Plumbing, INC.
- Sponsor EIN: 381916227
- Sponsor Address: 3703 S DIVISION AVE, GRAND RAPIDS, MI, 49548
- Plan Type: 401(k)
- Total Participants: 157
- Total Assets: $8.0M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 157 | $8.0M | $159,437 | $556,533 |
| 2023 | 157 | $6.9M | $154,710 | $519,283 |
| 2022 | 158 | $5.7M | $162,060 | $440,317 |
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 |
|---|---|---|---|---|
| KAPTEIN, DYKSTRA & COMPANY, P.C | Auditor | $12,600 | — | $12,600 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $12,600
- Estimated Expense Ratio: 0.158% 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 | $90,887 | $59,433 | — | $12,600 | — |
| 2023 | $58,796 | $36,843 | — | $8,000 | — |
| 2022 | $610 | — | $610 | — | — |