Plan Snapshot
- Plan Sponsor: Great Lakes Castings, LLC
- Sponsor EIN: 300784324
- Sponsor Address: 800 NORTH WASHINGTON AVENUE, LUDINGTON, MI, 49431
- Plan Type: 401(k)
- Total Participants: 160
- 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 | 160 | $9.2M | $193,390 | $586,861 |
| 2023 | 197 | $11.2M | $179,404 | $675,343 |
| 2022 | 226 | $9.6M | $177,297 | $653,599 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $54,769 | — | $54,769 |
| CAPFINANCIAL PARTNERS LLC | INVESTMENT ADVISOR | $18,133 | — | $18,133 |
| CBIZ BENEFITS & INS SERVICES INC | CONTRACT ADMIN | — | $10,000 | $10,000 |
| SIKICH CPA LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SIKICH CPA LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $82,902
- Estimated Expense Ratio: 0.897% 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 | $76,630 | — | $72,555 | — | — |
| 2023 | $75,022 | — | $68,408 | — | — |
| 2022 | $72,941 | — | $72,941 | — | — |