Plan Snapshot
- Plan Sponsor: Grand Valley Medical Specialist, PLC
- Sponsor EIN: 382145264
- Sponsor Address: 2093 HEALTH DRIVE SW, WYOMING, MI, 49519
- Plan Type: 401(k)
- Total Participants: 68
- Total Assets: $15.9M
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 | 68 | $15.9M | $356,380 | $240,638 |
| 2023 | 125 | $14.8M | $492,427 | $297,099 |
| 2022 | 111 | $12.6M | $574,665 | $323,681 |
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 |
|---|---|---|---|---|
| MIDWEST CAPITAL ADVISORS, LLC | ADVISOR | $23,504 | — | $23,504 |
| YEO & YEO P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- YEO & YEO P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $23,504
- Estimated Expense Ratio: 0.148% 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 | $28,258 | $23,504 | $4,754 | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |