Plan Snapshot
- Plan Sponsor: Health Alliance Plan Of Michigan
- Sponsor EIN: 382242827
- Sponsor Address: 3031 W. GRAND BLVD., DETROIT, MI, 48202
- Plan Type: 401(k)
- Total Participants: 1,046
- Total Assets: $141.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 1,046 | $141.4M | $4.4M | $8.0M |
| 2023 | 1,026 | $132.6M | $4.1M | $7.5M |
| 2022 | 1,057 | $115.6M | $4.3M | $7.2M |
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 |
|---|---|---|---|---|
| GJC CPA'S & ADVISORS | Auditor | $18,950 | — | $18,950 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GJC CPA'S & ADVISORS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $18,950
- Estimated Expense Ratio: 0.013% 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 | $85,267 | $2,804 | — | $18,950 | — |
| 2023 | $88,715 | $2,478 | — | $18,250 | — |
| 2022 | $86,552 | — | — | — | $85,671 |