Plan Snapshot
- Plan Sponsor: Michelin North America, INC. C/O Retirement Manager
- Sponsor EIN: 111724631
- Sponsor Address: ONE PARKWAY SOUTH, GREENVILLE, SC, 296029001
- Plan Type: 401(k)
- Total Participants: 15,068
- Total Assets: $4.5B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 15,068 | $4.5B | $129.9M | $122.1M |
| 2023 | 15,095 | $4.1B | $120.3M | $109.2M |
| 2022 | 14,439 | $3.6B | $110.1M | $105.5M |
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 |
|---|---|---|---|---|
| PRICEWATERHOUSECOOPERS | Auditor | — | — | $0 |
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 | $1,065,426 | — | — | — | — |
| 2023 | $896,614 | — | — | — | — |
| 2022 | $810,288 | — | — | — | — |