Plan Snapshot
- Plan Sponsor: Louis Padnos Iron & Metal Company
- Sponsor EIN: 381283690
- Sponsor Address: 3495 VIADUCT STREET SW, GRANDVILLE, MI, 49418
- Plan Type: 401(k)
- Total Participants: 928
- Total Assets: $103.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 928 | $103.0M | $2.0M | $3.6M |
| 2023 | 887 | $95.0M | $3.9M | $3.3M |
| 2022 | 850 | $82.7M | $4.0M | $3.2M |
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 |
|---|---|---|---|---|
| BDO USA P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BDO USA P.C. — Auditor
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 | $152,824 | $90,363 | $32,647 | — | — |
| 2023 | $131,645 | $59,295 | $63,875 | — | — |
| 2022 | $141,529 | $61,374 | $80,155 | — | — |