Plan Snapshot
- Plan Sponsor: Greater Midland Community Centers INC.
- Sponsor EIN: 381534400
- Sponsor Address: 2205 JEFFERSON AVE, MIDLAND, MI, 48640
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 242
- Total Assets: $7.9M
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. |
|---|---|---|---|---|
| 2025 | 242 | $7.9M | $0 | $0 |
| 2024 | 195 | $7.0M | $205,706 | $365,915 |
| 2023 | 142 | $6.5M | $180,125 | $325,637 |
| 2022 | 146 | $5.4M | $117,945 | $269,331 |
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 |
|---|---|---|---|---|
| TRI-STAR TRUST BANK | Investment Advisor | $26,905 | — | $26,905 |
| ADP BROKER-DEALER | Recordkeeper | $6,894 | — | $6,894 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $33,799
- Estimated Expense Ratio: 0.429% 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 |
|---|---|---|---|---|---|
| 2025 | $888,633 | $26,905 | — | — | — |
| 2024 | $24,882 | $23,686 | — | — | — |
| 2023 | $46,183 | $29,419 | $12,499 | — | — |
| 2022 | $36,529 | $21,305 | $12,434 | — | $2,790 |