Plan Snapshot
- Plan Sponsor: Great Lakes Foot & Ankle Institute, PC
- Sponsor EIN: 382221021
- Sponsor Address: 32743 23 MILE ROAD, CHESTERFIELD, MI, 48047
- Plan Type: 401(k)
- Total Participants: 252
- Total Assets: $15.1M
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 | 252 | $15.1M | $588,368 | $1.1M |
| 2023 | 237 | $12.4M | $782,979 | $893,089 |
| 2022 | 145 | $5.3M | $253,797 | $589,552 |
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 |
|---|---|---|---|---|
| AMERIPRISE FINANCIAL SERVICES | ADVISOR | — | $65,500 | $65,500 |
| NATIONWIDE | INVESTMENT COMPANY | $32,489 | — | $32,489 |
| PROACCOUNT | INVESTMENT ADVISORY | $26,980 | — | $26,980 |
| THE BENEFIT ADVANTAGE | TPA | $3,460 | $6,376 | $9,836 |
| ASSURANCE DIMENSIONS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- AMERIPRISE FINANCIAL SERVICES — ADVISOR
- NATIONWIDE — INVESTMENT COMPANY
- PROACCOUNT — INVESTMENT ADVISORY
- ASSURANCE DIMENSIONS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $134,805
- Estimated Expense Ratio: 0.891% 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 | $29,810 | — | — | — | — |
| 2023 | $79,118 | $79,118 | — | — | — |
| 2022 | $44,758 | $44,758 | — | — | — |