Plan Snapshot
- Plan Sponsor: Huron Valley Steel Corporation
- Sponsor EIN: 381643117
- Sponsor Address: 1650 WEST JEFFERSON #100, TRENTON, MI, 48183
- Plan Type: 401(k)
- Total Participants: 191
- Total Assets: $25.2M
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 | 191 | $25.2M | $279,966 | $889,687 |
| 2023 | 204 | $24.1M | $269,782 | $887,331 |
| 2022 | 202 | $20.5M | $254,373 | $791,466 |
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 |
|---|---|---|---|---|
| LPL FINANCIAL, LLC | Investment Advisor | $47,759 | — | $47,759 |
| CAPITAL GROUP RETIREMENT PLAN SVCS. | Recordkeeper | $5,072 | — | $5,072 |
| BAKER TILLY VIRCHOW KRAUSE, LLP | Other Service Provider | $5,000 | — | $5,000 |
| BAKER TILLY VIRCHOW KROUSE, LLP | Auditor | $5,000 | — | $5,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $62,831
- Estimated Expense Ratio: 0.249% 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 | $57,831 | $47,759 | — | — | — |
| 2023 | $53,018 | $42,318 | — | $6,500 | — |
| 2022 | $52,441 | — | $52,441 | — | — |