Plan Snapshot
- Plan Sponsor: Koops, INC.
- Sponsor EIN: 383266325
- Sponsor Address: 987 PRODUCTIONS COURT, HOLLAND, MI, 49423
- Plan Type: 401(k)
- Total Participants: 311
- Total Assets: $21.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 311 | $21.9M | $488,990 | $1.8M |
| 2023 | 310 | $17.1M | $471,269 | $1.6M |
| 2022 | 279 | $11.9M | $375,622 | $1.3M |
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 |
|---|---|---|---|---|
| CETERA ADVISOR NETWORKS | ADVISOR | $41,999 | — | $41,999 |
| THE VANGUARD GROUP | RECORD KEEPER | $23,060 | — | $23,060 |
| DOEREN MAYHEW | TPA | $14,450 | — | $14,450 |
| REHMANN ROBSON | AUDITOR | $7,501 | — | $7,501 |
| REHMANN ROBSON LLC | Auditor | $7,501 | — | $7,501 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $94,511
- Estimated Expense Ratio: 0.432% 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 | $87,010 | $41,999 | $14,450 | $7,501 | — |
| 2023 | $79,201 | $35,400 | $12,643 | $10,753 | — |
| 2022 | $60,272 | $32,962 | $17,420 | — | $9,890 |