Plan Snapshot
- Plan Sponsor: Lm Manufacturing, LLC
- Sponsor EIN: 853290233
- Sponsor Address: 6401 WEST FORT STREET, DETROIT, MI, 48209
- Plan Type: 401(k)
- Total Participants: 552
- Total Assets: $3.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 552 | $3.1M | $939,010 | $1.2M |
| 2023 | 857 | $1.0M | $146,986 | $673,327 |
| 2022 | 64 | $11,671 | $0 | $11,886 |
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 LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $46,282 | — | $46,282 |
| NBT BANK, N.A. | CONTRACT ADMINISTRATOR | $38,459 | $828 | $39,287 |
| SIGMA FINANCIAL CORPORATION | OTHER SERVICES | — | $8,278 | $8,278 |
| UHY LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- UHY LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $93,847
- Estimated Expense Ratio: 3.023% 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 | $84,741 | — | $84,741 | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |