Plan Snapshot
- Plan Sponsor: Ilmor Engineering, INC
- Sponsor EIN: 382958776
- Sponsor Address: 43939 PLYMOUTH OAKS BLVD., PLYMOUTH, MI, 48170
- Plan Type: 401(k)
- Total Participants: 144
- Total Assets: $20.7M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 144 | $20.7M | $528,464 | $971,296 |
| 2023 | 138 | $18.8M | $502,627 | $865,478 |
| 2022 | 142 | $15.5M | $487,965 | $830,137 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $26,981 | — | $26,981 |
| FIFTH THIRD BANK | Investment Advisor | $17,254 | — | $17,254 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $44,235
- Estimated Expense Ratio: 0.213% 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 | $44,235 | $17,254 | — | — | — |
| 2023 | $63,891 | $14,528 | — | — | — |
| 2022 | $60,928 | — | $60,928 | — | — |