Plan Snapshot
- Plan Sponsor: Michigan Millers Mutual Insurance Company
- Sponsor EIN: 380828980
- Sponsor Address: 2425 EAST GRAND RIVER AVENUE, LANSING, MI, 489123291
- Plan Type: DB
- Plan Number: 001
- Total Participants: 31
- Total Assets: $235,300
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2023 | 31 | $235,300 | $1.9M | $0 |
| 2022 | 31 | $26.1M | $2.1M | $0 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $120,859 | — | $120,859 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $120,859
- Estimated Expense Ratio: 51.364% 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 |
|---|---|---|---|---|---|
| 2023 | -$10,929 | — | -$10,929 | — | — |
| 2022 | $439,445 | — | $92,518 | — | $218,471 |