Plan Snapshot
- Plan Sponsor: Maxion Wheels U.S.A. LLC
- Sponsor EIN: 300167742
- Sponsor Address: 39500 ORCHARD HILL PLACE, NOVI, MI, 48375
- Plan Type: 401(k)
- Total Participants: 247
- Total Assets: $75.7M
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 | 247 | $75.7M | $688,738 | $1.4M |
| 2023 | 253 | $71.6M | $643,328 | $1.2M |
| 2022 | 230 | $75.0M | $610,550 | $1.1M |
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 |
|---|---|---|---|---|
| T ROWE PRICE RPS INC | NONE | $6,725 | — | $6,725 |
| REHMANN ROBSON LLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $6,725
- Estimated Expense Ratio: 0.009% 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 | $6,725 | — | — | — | — |
| 2023 | $20,444 | — | — | — | — |
| 2022 | $43,383 | — | — | — | — |