Plan Snapshot
- Plan Sponsor: Leppink'S, INC.
- Sponsor EIN: 381885785
- Sponsor Address: 303 WEST MAIN STREET, BELDING, MI, 48809
- Plan Type: 401(k)
- Total Participants: 222
- Total Assets: $6.7M
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 | 222 | $6.7M | $44,243 | $203,741 |
| 2023 | 187 | $6.6M | $43,570 | $209,428 |
| 2022 | 179 | $5.7M | $37,792 | $180,240 |
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 | $42,380 | — | $42,380 |
| SKYSAIL WEALTH MANAGEMENT LLC | INVESTMENT ADVISOR | $17,149 | — | $17,149 |
| MAP RETIREMENT, INC. | THIRD PARTY ADMIN | $5,645 | $6,852 | $12,497 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $72,026
- Estimated Expense Ratio: 1.079% 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 | $46,876 | $46,876 | — | — | — |
| 2023 | $37,542 | $33,280 | $4,262 | — | — |
| 2022 | $51,952 | $41,849 | $10,103 | — | — |