Plan Snapshot
- Plan Sponsor: Hadley Products Corporation
- Sponsor EIN: 383231031
- Sponsor Address: 4300 36TH ST SE STE 100, GRAND RAPIDS, MI, 49512
- Plan Type: 401(k)
- Total Participants: 535
- Total Assets: $15.8M
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 | 535 | $15.8M | $495,332 | $998,255 |
| 2023 | 531 | $14.2M | $447,813 | $891,092 |
| 2022 | 473 | $12.9M | $224,750 | $840,874 |
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 |
|---|---|---|---|---|
| MONROE, SWEERIS & TROMP PLC | Auditor | $8,500 | — | $8,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MONROE, SWEERIS & TROMP PLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $8,500
- Estimated Expense Ratio: 0.054% 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 | $68,062 | $5,054 | $54,508 | $8,500 | — |
| 2023 | $62,295 | $4,763 | $49,727 | $7,500 | — |
| 2022 | $75,118 | $5,111 | $55,704 | — | $14,303 |