Plan Snapshot
- Plan Sponsor: Hayman Company
- Sponsor EIN: 381910691
- Sponsor Address: 29100 NORTHWESTERN HIGHWAY, SOUTHFIELD, MI, 48034
- Plan Type: 401(k)
- Total Participants: 205
- Total Assets: $4.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 205 | $4.0M | $57,593 | $627,315 |
| 2023 | 179 | $3.5M | $64,410 | $547,466 |
| 2022 | 168 | $3.0M | $62,917 | $456,155 |
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 |
|---|---|---|---|---|
| SCHLAUPITZ MADHAVAN PC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $34,828 | — | — | — | — |
| 2023 | $39,573 | $12,605 | — | — | — |
| 2022 | $30,973 | — | — | — | — |