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: 2,335
- Total Assets: $299.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 2,335 | $299.8M | $10.1M | $9.5M |
| 2023 | 2,465 | $273.3M | $10.4M | $9.0M |
| 2022 | 2,595 | $233.4M | $10.2M | $8.1M |
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 |
|---|---|---|---|---|
| THE VANGUARD GROUP, INC. | NONE | $140,177 | — | $140,177 |
| CHARLES SCHWAB & CO., INC. | NONE | $7,025 | — | $7,025 |
| PRICEWATERHOUSECOOPERS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- THE VANGUARD GROUP, INC. — NONE
- CHARLES SCHWAB & CO., INC. — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $147,202
- 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 | $125,477 | — | — | — | — |
| 2023 | $119,030 | — | — | — | — |
| 2022 | $119,241 | — | — | — | — |