Plan Snapshot
- Plan Sponsor: May Mobility, INC.
- Sponsor EIN: 814997501
- Sponsor Address: 650 AVIS SUITE 100, ANN ARBOR, MI, 48108
- Plan Type: 401(k)
- Total Participants: 264
- Total Assets: $22.5M
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 | 264 | $22.5M | $1.5M | $3.5M |
| 2023 | 292 | $16.1M | $1.5M | $3.3M |
| 2022 | 247 | $8.5M | $935,097 | $2.2M |
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 |
|---|---|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH | INVESTMENT ADVISOR | $45,133 | — | $45,133 |
| ADP, INC. | RECORD KEEPER | $26,290 | — | $26,290 |
| PLANTE MORAN | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — RECORD KEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $71,423
- Estimated Expense Ratio: 0.318% 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 | $71,424 | $45,133 | — | — | — |
| 2023 | $48,880 | $15,683 | — | — | — |
| 2022 | $36,885 | — | — | — | — |