Plan Snapshot
- Plan Sponsor: Iav Automotive Engineering INC.
- Sponsor EIN: 383431346
- Sponsor Address: 39525 MACKENZIE DR # 1000 -, NOVI, MI, 48377
- Plan Type: 401(k)
- Total Participants: 87
- Total Assets: $17.4M
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 | 87 | $17.4M | $114,161 | $452,942 |
| 2023 | 86 | $15.7M | $139,105 | $415,056 |
| 2022 | 91 | $14.2M | $166,124 | $546,405 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $48,100 | — | $48,100 |
| LPL FINANCIAL LLC | OTHER SERVICES | — | $13,925 | $13,925 |
| GLOBAL RETIREMENT PARTNERS LLC | INVESTMENT ADVISORY | $10,466 | $12 | $10,478 |
| WELLTH ADVISORY SERVICES, LLC | INVESTMENT ADVISORY | $8,329 | $8 | $8,337 |
| DOEREN MAYHEW ASSURANCE | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LPL FINANCIAL LLC — OTHER SERVICES
- GLOBAL RETIREMENT PARTNERS LLC — INVESTMENT ADVISORY
- DOEREN MAYHEW ASSURANCE — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $80,840
- Estimated Expense Ratio: 0.466% 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 | $66,905 | $18,805 | $48,100 | — | — |
| 2023 | $61,208 | $10,462 | $50,746 | — | — |
| 2022 | $67,011 | $10,827 | $56,184 | — | — |