Plan Snapshot
- Plan Sponsor: Lowery Corporation
- Sponsor EIN: 382722889
- Sponsor Address: 5555 GLENWOOD HILLS PKWY SE, GRAND RAPIDS, MI, 495122091
- Plan Type: 401(k)
- Total Participants: 490
- Total Assets: $30.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 490 | $30.7M | $801,052 | $2.4M |
| 2023 | 465 | $26.6M | $974,487 | $2.3M |
| 2022 | 443 | $21.0M | $800,018 | $2.1M |
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 |
|---|---|---|---|---|
| ROBERT W BAIRD & CO INCORPORATED | INVESTMENT ADVISOR | $74,975 | — | $74,975 |
| DOEREN MAYHEW GRAND RAPIDS PLLC | TPA | $29,082 | — | $29,082 |
| CAPITAL GROUP RETIREMENT PLAN SERV. | RECORDKEEPER | $21,095 | — | $21,095 |
| MONROE SWEERIS & TROMP PLC | Auditor | $3,000 | — | $3,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MONROE SWEERIS & TROMP PLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $128,152
- Estimated Expense Ratio: 0.418% 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 | $128,153 | $74,975 | $29,083 | $3,000 | — |
| 2023 | $96,713 | $66,978 | $24,335 | — | — |
| 2022 | $91,501 | $64,512 | $18,889 | — | $8,100 |