Plan Snapshot
- Plan Sponsor: Howard Ternes Packaging Company
- Sponsor EIN: 592736671
- Sponsor Address: 35275 INDUSTRIAL RD., LIVONIA, MI, 48150
- Plan Type: 401(k)
- Total Participants: 116
- Total Assets: $18.5M
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 | 116 | $18.5M | $245,629 | $607,422 |
| 2023 | 189 | $17.2M | $237,273 | $608,828 |
| 2022 | 129 | $15.0M | $216,462 | $532,064 |
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 |
|---|---|---|---|---|
| DOEREN MAYHEW ASSURANCE | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DOEREN MAYHEW ASSURANCE — Auditor
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 | $24,470 | — | $24,470 | — | — |
| 2023 | $19,058 | — | — | — | — |
| 2022 | $30,524 | $21,306 | $9,218 | — | — |