Plan Snapshot
- Plan Sponsor: Michigan Corporate Services, LLC
- Sponsor EIN: 450527006
- Sponsor Address: 600 44TH STREET SW, GRAND RAPIDS, MI, 49458
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 726
- Total Assets: $112.9M
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 | 726 | $112.9M | $3.0M | $4.8M |
| 2023 | 686 | $106.4M | $3.0M | $4.5M |
| 2022 | 656 | $84.8M | $2.7M | $4.3M |
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 |
|---|---|---|---|---|
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $94,438 | — | $94,438 |
| FIFTH THIRD BANK | Investment Advisor | $25,000 | — | $25,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $119,438
- Estimated Expense Ratio: 0.106% 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 | $119,478 | $119,438 | — | — | — |
| 2023 | $109,575 | $106,892 | — | — | — |
| 2022 | $107,073 | $106,983 | — | — | $90 |