Plan Snapshot
- Plan Sponsor: Michigan Automotive Compressor
- Sponsor EIN: 382853246
- Sponsor Address: 2400 NORTH DEARING ROAD, PARMA, MI, 49269
- Plan Type: 401(k)
- Total Participants: 735
- Total Assets: $163.0M
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 | 735 | $163.0M | $2.2M | $4.8M |
| 2023 | 785 | $150.9M | $2.2M | $5.1M |
| 2022 | 847 | $132.3M | $2.6M | $5.3M |
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 |
|---|---|---|---|---|
| REHMANN ROBSON LLC | Auditor | $27,900 | — | $27,900 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $27,900
- Estimated Expense Ratio: 0.017% 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 | $176,123 | $90,450 | $3,487 | $27,900 | — |
| 2023 | $97,854 | $5,584 | $51,142 | — | — |
| 2022 | $66,738 | $5,251 | $36,442 | — | $22,500 |