Plan Snapshot
- Plan Sponsor: Jac Products, INC.
- Sponsor EIN: 381888757
- Sponsor Address: 225 SOUTH INDUSTRIAL DRIVE, SALINE, MI, 48176
- Plan Type: 401(k)
- Total Participants: 1,048
- Total Assets: $53.5M
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 | 1,048 | $53.5M | $1.0M | $4.0M |
| 2023 | 1,095 | $47.3M | $953,453 | $3.7M |
| 2022 | 1,183 | $42.8M | $964,545 | $3.7M |
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 | $211,331 | — | $211,331 |
| CORECAP INVESTMENTS INC | Investment Advisor | — | $71,867 | $71,867 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $18,347 | — | $18,347 |
| JAMES H BENNETT DBA JAMES H BENNETT | Other Service Provider | $14,085 | — | $14,085 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $315,630
- Estimated Expense Ratio: 0.590% 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 | $257,848 | $18,347 | — | — | — |
| 2023 | $202,085 | $38,397 | — | — | — |
| 2022 | $147,752 | $15,230 | $132,522 | — | — |