Plan Snapshot
- Plan Sponsor: Great Lakes Employer Services, INC.
- Sponsor EIN: 223883675
- Sponsor Address: 69245 BURKE DRIVE, RICHMOND, MI, 48062
- Plan Type: 401(k)
- Total Participants: 553
- Total Assets: $17.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 553 | $17.0M | $424,572 | $855,983 |
| 2023 | 494 | $14.1M | $410,219 | $825,127 |
| 2022 | 390 | $11.5M | $379,021 | $788,134 |
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 |
|---|---|---|---|---|
| GREGORY J SCHWARTZ & CO | NONE | $34,134 | — | $34,134 |
| CPI QUALIFIED PLAN CONSULTANTS, INC | NONE | $20,639 | — | $20,639 |
| UHY, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CPI QUALIFIED PLAN CONSULTANTS, INC — NONE
- UHY, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $54,773
- Estimated Expense Ratio: 0.322% 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 | $54,773 | $34,134 | $6,197 | — | — |
| 2023 | $49,364 | $28,937 | $7,125 | — | — |
| 2022 | $47,375 | $26,186 | $21,189 | — | — |