Plan Snapshot
- Plan Sponsor: Loc Performance Products, LLC
- Sponsor EIN: 382131316
- Sponsor Address: 13505 HAGGERTY ROAD, PLYMOUTH, MI, 481701884
- Plan Type: 401(k)
- Total Participants: 375
- Total Assets: $24.8M
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 | 375 | $24.8M | $196,699 | $1.3M |
| 2023 | 343 | $22.5M | $162,852 | $1.2M |
| 2022 | 299 | $20.8M | $125,799 | $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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $44,086 | — | $44,086 |
| CAPFINANCIAL PARTNERS LLC DBA CAPTR | INVESTMENT ADVISOR | $27,314 | — | $27,314 |
| PLANTE MORAN | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $71,400
- Estimated Expense Ratio: 0.287% 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 | $71,815 | $27,314 | — | — | — |
| 2023 | $60,049 | $20,018 | — | — | — |
| 2022 | $52,126 | $24,074 | $27,752 | — | $300 |