Plan Snapshot
- Plan Sponsor: Great Lakes Orthopaedic Center
- Sponsor EIN: 383202597
- Sponsor Address: 4045 WEST ROYAL DRIVE, TRAVERSE CITY, MI, 49684
- Plan Type: 401(k)
- Total Participants: 81
- Total Assets: $26.8M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 81 | $26.8M | $758,120 | $476,501 |
| 2023 | 75 | $24.8M | $739,314 | $441,336 |
| 2022 | 73 | $20.4M | $642,278 | $403,372 |
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 |
|---|---|---|---|---|
| GREENLEAF TRUST | TRUSTEE | $84,890 | — | $84,890 |
| REHMANN ROBSON, LLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $84,890
- Estimated Expense Ratio: 0.317% 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 | $84,890 | $78,147 | — | — | — |
| 2023 | $62,826 | $58,156 | — | — | — |
| 2022 | $78,272 | — | — | — | $78,272 |