Plan Snapshot
- Plan Sponsor: Lotus International Company
- Sponsor EIN: 383227175
- Sponsor Address: 6880 COMMERCE BLVD, CANTON, MI, 481874457
- Plan Type: 401(k)
- Total Participants: 22
- Total Assets: $2.0M
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 | 22 | $2.0M | $58,617 | $182,852 |
| 2023 | 26 | $2.9M | $39,160 | $130,802 |
| 2022 | 23 | $3.6M | $334,269 | $854,260 |
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 |
|---|---|---|---|---|
| CBIZ, CPAS, P.C. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $7,147 | $6,080 | — | — | — |
| 2023 | $11,181 | $9,701 | $620 | — | — |
| 2022 | $29,676 | $27,631 | $2,045 | — | — |