Plan Snapshot
- Plan Sponsor: Louca Mold And Aerospace Machining, INC. Dba Legacy Industries
- Sponsor EIN: 382026714
- Sponsor Address: 1925 TAYLOR RD., AUBURN HILLS, MI, 48326
- Plan Type: 401(k)
- Total Participants: 320
- Total Assets: $7.7M
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 | 320 | $7.7M | $0 | $1.2M |
| 2023 | 303 | $5.9M | $0 | $901,764 |
| 2022 | 255 | $4.6M | $0 | $689,868 |
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 |
|---|---|---|---|---|
| GREAT LAKES PENSION ASSOCIATES, INC | Other Service Provider | $4,100 | $3,217 | $7,317 |
| VOYA RETIREMENT INS AND ANNUITY CO. | SERVICE PROVIDER | $7,299 | — | $7,299 |
| DOEREN MAYHEW ASSURANCE | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DOEREN MAYHEW ASSURANCE — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $14,616
- Estimated Expense Ratio: 0.189% 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 | $9,111 | $1,794 | $6,625 | — | — |
| 2023 | $9,504 | — | $4,600 | — | — |
| 2022 | $5,880 | — | $2,880 | — | $3,000 |