Plan Snapshot
- Plan Sponsor: Lyon Gear & Machine, INC.
- Sponsor EIN: 381629516
- Sponsor Address: 4371 TERRITORIAL RD., ROCHESTER, MI, 48306
- Plan Type: 401(k)
- Total Participants: 111
- Total Assets: $5.9M
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 | 111 | $5.9M | $22,918 | $172,723 |
| 2023 | 112 | $5.2M | $25,543 | $179,812 |
| 2022 | 107 | $5.2M | $21,587 | $152,768 |
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 |
|---|---|---|---|---|
| METZ CPA | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- METZ CPA — 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 | $48,593 | $19,247 | $2,875 | — | — |
| 2023 | $31,166 | $5,561 | $2,750 | — | — |
| 2022 | $26,515 | — | — | — | $4,875 |