Plan Snapshot
- Plan Sponsor: Joint Board Of Trustees
- Sponsor EIN: 382094732
- Sponsor Address: 345 DIVERSION ROAD, SUITE 400, ROCHESTER, MI, 48307
- Plan Type: DC
- Total Participants: 483
- Total Assets: $40.1M
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 | 483 | $40.1M | $883,988 | $466,838 |
| 2023 | 452 | $40.5M | $1.0M | $459,749 |
| 2022 | 423 | $37.3M | $901,126 | $562,042 |
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 |
|---|---|---|---|---|
| SECURE ASSET MANAGEMENT | RIA | $39,840 | — | $39,840 |
| CBIZ | THIRD PARTY ADMINISTRATO | $27,037 | — | $27,037 |
| WATKINS, PAWLICK, CALATI & PRIFTI | ATTORNEY | $21,983 | — | $21,983 |
| WRUBEL, WESLEY & COMPANY | AUDITOR | $6,500 | — | $6,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $95,360
- Estimated Expense Ratio: 0.238% 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 | $148,256 | $39,840 | $27,073 | $6,500 | — |
| 2023 | $143,891 | $37,576 | $13,480 | $15,000 | — |
| 2022 | $151,999 | $39,073 | $112,096 | — | $830 |