Plan Snapshot
- Plan Sponsor: Michigan Turkey Producers
- Sponsor EIN: 383432559
- Sponsor Address: 1100 HALL STREET, S.W., GRAND RAPIDS, MI, 49503
- Plan Type: 401(k)
- Total Participants: 445
- Total Assets: $19.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 445 | $19.7M | $535,631 | $996,484 |
| 2023 | 426 | $17.2M | $534,182 | $966,457 |
| 2022 | 447 | $15.6M | $549,990 | $970,578 |
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 |
|---|---|---|---|---|
| FROST, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FROST, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $109,923 | — | — | — | — |
| 2023 | $97,762 | — | $97,762 | — | — |
| 2022 | $101,952 | — | $96,829 | — | — |