Plan Snapshot
- Plan Sponsor: Martin Transportation Systems, INC
- Sponsor EIN: 382842208
- Sponsor Address: 7300 CLYDE PARK AVENUE SW, BYRON CENTER, MI, 49315
- Plan Type: 401(k)
- Total Participants: 1,208
- Total Assets: $25.8M
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 | 1,208 | $25.8M | $550,752 | $2.1M |
| 2023 | 1,268 | $22.4M | $539,589 | $2.1M |
| 2022 | 1,368 | $18.7M | $537,817 | $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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $12,576 | — | $12,576 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $12,576
- Estimated Expense Ratio: 0.049% 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 | $12,576 | — | $12,576 | — | — |
| 2023 | $13,943 | — | $13,943 | — | — |
| 2022 | $11,310 | — | $11,310 | — | — |