Plan Snapshot
- Plan Sponsor: Kam Plastics Corp
- Sponsor EIN: 201251538
- Sponsor Address: 935 E 40TH STREET, HOLLAND, MI, 49423
- Plan Type: DC
- Total Participants: 123
- Total Assets: $10.6M
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 | 123 | $10.6M | $430,000 | $0 |
| 2023 | 106 | $10.2M | $420,000 | $0 |
| 2022 | 110 | $9.0M | $405,000 | $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 |
|---|---|---|---|---|
| PRINCIPAL | PLAN ADMINISTRATOR | $27,220 | — | $27,220 |
| VISION ESOP VALUATION | VALUATION SERVICES | $16,000 | — | $16,000 |
| DOEREN MAYHEW ASSURANCE | ACCOUNTANT | $9,200 | — | $9,200 |
| VARNUM LLP | LEGAL | $5,291 | — | $5,291 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DOEREN MAYHEW ASSURANCE — ACCOUNTANT
- VARNUM LLP — LEGAL
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $57,711
- Estimated Expense Ratio: 0.546% 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 | $65,347 | — | $27,221 | $9,200 | — |
| 2023 | $49,029 | — | — | $8,900 | — |
| 2022 | $55,636 | — | — | — | $55,636 |