Plan Snapshot
- Plan Sponsor: Infusion Associates
- Sponsor EIN: 832498450
- Sponsor Address: 3310 EAGLE PARK DR. NE #200, GRAND RAPIDS, MI, 49525
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 257
- Total Assets: $6.3M
Key Plan Design Features
- Auto-Enrollment: No
- 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. |
|---|---|---|---|---|
| 2023 | 257 | $6.3M | $496,054 | $882,147 |
| 2022 | 210 | $4.3M | $372,215 | $708,242 |
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 | Recordkeeper | $44,261 | — | $44,261 |
| S B H U LIFE AGENCY INC | Investment Advisor | — | $22,811 | $22,811 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- S B H U LIFE AGENCY INC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $67,072
- Estimated Expense Ratio: 1.063% 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 |
|---|---|---|---|---|---|
| 2023 | $44,262 | — | $44,262 | — | — |
| 2022 | $32,038 | — | $32,038 | — | — |