Plan Snapshot
- Plan Sponsor: Joint Board Of Administration C/O Benesys
- Sponsor EIN: 454395876
- Sponsor Address: 700 TOWER DRIVE, SUITE 300, TROY, MI, 48098
- Plan Type: DB
- Total Participants: 76
- Total Assets: $97.3M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 76 | $97.3M | $126,696 | $0 |
| 2023 | 81 | $96.9M | $252,183 | $0 |
| 2022 | 91 | $93.2M | $0 | $0 |
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 |
|---|---|---|---|---|
| SEGAL MARCO ADVISORS | Other Service Provider | $106,250 | — | $106,250 |
| BENESYS, INC. | Other Service Provider | $105,040 | — | $105,040 |
| ACADIAN ASSET MANAGEMENT, LLC | Other Service Provider | $68,707 | — | $68,707 |
| LSV ASSET MANAGEMENT | Other Service Provider | $52,504 | — | $52,504 |
| WATKINS, ROSS & COMPANY | Other Service Provider | $51,862 | — | $51,862 |
| PNC | Other Service Provider | $51,311 | — | $51,311 |
| KOTZ, SANGSTER, WYSOCKI PC | Other Service Provider | $38,860 | — | $38,860 |
| LOOMIS SAYLES & CO. | Other Service Provider | $35,550 | — | $35,550 |
| PLANTE & MORAN | Other Service Provider | $25,500 | — | $25,500 |
| DIMENSIONAL FUND ADVISORS | Other Service Provider | $22,365 | — | $22,365 |
| SEGAL SELECT INSURANCE SERVICES INC | Other Service Provider | $14,820 | $2,384 | $17,204 |
| STATE STREET GLOBAL ADVISORS TRUST | Other Service Provider | $17,011 | — | $17,011 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $592,164
- Estimated Expense Ratio: 0.609% 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 | $685,585 | $353,698 | $120,018 | $25,500 | — |
| 2023 | $637,714 | $297,683 | $139,315 | $29,200 | — |
| 2022 | $532,195 | $262,182 | $123,588 | — | $61,505 |