Plan Snapshot
- Plan Sponsor: Grand Rapids Foam Technologies, INC
- Sponsor EIN: 381812836
- Sponsor Address: 2788 REMICO, WYOMING, MI, 49519
- Plan Type: 401(k)
- Total Participants: 326
- Total Assets: $9.2M
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 | 326 | $9.2M | $387,415 | $448,175 |
| 2023 | 323 | $10.4M | $116,940 | $430,198 |
| 2022 | 332 | $8.9M | $355,230 | $425,759 |
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 INVESTORS | Recordkeeper | $36,003 | — | $36,003 |
| WATKINS ROSS | Other Service Provider | $23,103 | — | $23,103 |
| TRIAD ADVISORS INC | Investment Advisor | $22,180 | — | $22,180 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $12,705 | — | $12,705 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTORS — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $93,991
- Estimated Expense Ratio: 1.019% 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 | $95,046 | $95,046 | — | — | — |
| 2023 | $87,912 | $35,283 | — | — | — |
| 2022 | $78,309 | — | — | — | $78,309 |