Plan Snapshot
- Plan Sponsor: Honigman LLP
- Sponsor EIN: 381407377
- Sponsor Address: 2290 FIRST NATIONAL BUILDING, DETROIT, MI, 48226
- Plan Type: Health & Welfare
- Plan Number: 502
- Total Participants: 685
- Total Assets: $222,298
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 685 | $222,298 | $10.7M | $1.1M |
| 2023 | 690 | $123,804 | $9.3M | $907,242 |
| 2022 | 659 | $101,528 | $7.9M | $814,088 |
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 |
|---|---|---|---|---|
| BLUE CROSS BLUE SHIELD OF MICHIGAN | Other Service Provider | $521,097 | — | $521,097 |
| AON CONSULTING, INC | Other Service Provider | — | $23,127 | $23,127 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $544,224
- Estimated Expense Ratio: 244.817% 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 | $521,097 | — | — | — | — |
| 2023 | $476,086 | — | — | — | — |
| 2022 | $440,055 | — | — | — | — |