Plan Snapshot
- Plan Sponsor: Inductoheat, INC.
- Sponsor EIN: 381694184
- Sponsor Address: 32251 N. AVIS DRIVE, MADISON HEIGHTS, MI, 48071
- Plan Type: 401(k)
- Total Participants: 117
- Total Assets: $39.4M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 117 | $39.4M | $1.1M | $448,797 |
| 2023 | 112 | $37.5M | $1.1M | $479,673 |
| 2022 | 115 | $37.3M | $791,950 | $501,291 |
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 |
|---|---|---|---|---|
| MORGAN STANLEY | INVESTMENT ADVISOR | $81,304 | — | $81,304 |
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORD KEEPER | $16,691 | — | $16,691 |
| MC CLAIN, SMITH, & WENZ CPA'S P | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY — INVESTMENT ADVISOR
- MC CLAIN, SMITH, & WENZ CPA'S P — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $97,995
- 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 | $100,184 | $83,493 | — | — | — |
| 2023 | $80,740 | $78,928 | — | — | — |
| 2022 | $41,826 | — | $22,906 | — | $18,920 |