Plan Snapshot
- Plan Sponsor: Michigan Chamber Of Commerce
- Sponsor EIN: 381626029
- Sponsor Address: 600 SOUTH WALNUT STREET, LANSING, MI, 48933
- Plan Type: DC
- Total Participants: 798
- Total Assets: $46.0M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 798 | $46.0M | $1.5M | $2.9M |
| 2023 | 641 | $30.9M | $1.1M | $2.2M |
| 2022 | 462 | $23.9M | $820,027 | $1.6M |
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 |
|---|---|---|---|---|
| TRI-STAR TRUST BANK | ADVISOR | $126,435 | — | $126,435 |
| NEWPORT GROUP, INC. | RECORDKEEPER | $81,344 | — | $81,344 |
| NEWPORT TRUST COMPANY | TRUSTEE | $18,342 | — | $18,342 |
| MANER COSTERISAN | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MANER COSTERISAN — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $226,121
- Estimated Expense Ratio: 0.492% 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 | $226,121 | $126,435 | $58,742 | — | — |
| 2023 | $167,234 | $90,162 | $51,913 | — | — |
| 2022 | $111,849 | $68,820 | $32,923 | — | $10,106 |