Plan Snapshot
- Plan Sponsor: Life Ems, INC.
- Sponsor EIN: 382285796
- Sponsor Address: 1275 CEDAR STREET NE, GRAND RAPIDS, MI, 49503
- Plan Type: 401(k)
- Total Participants: 666
- Total Assets: $34.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 666 | $34.2M | $482,671 | $2.4M |
| 2023 | 653 | $28.3M | $381,682 | $2.0M |
| 2022 | 574 | $22.3M | $345,143 | $1.6M |
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 |
|---|---|---|---|---|
| WINTRUST PRIVATE TRUST COMPANY | TRUSTEE/RECORDKEEPER/ADV | $91,607 | — | $91,607 |
| MONROE SWEERIS & TROMP PLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MONROE SWEERIS & TROMP PLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $91,607
- Estimated Expense Ratio: 0.268% 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 | $91,607 | — | — | — | — |
| 2023 | $79,081 | — | — | — | — |
| 2022 | $90,296 | — | $90,296 | — | — |