Plan Snapshot
- Plan Sponsor: Mike Schaap Builders, INC.
- Sponsor EIN: 382853965
- Sponsor Address: 12969 GREENLY ST, HOLLAND, MI, 494247283
- Plan Type: 401(k)
- Total Participants: 97
- Total Assets: $7.3M
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 | 97 | $7.3M | $232,461 | $516,607 |
| 2023 | 104 | $6.2M | $233,319 | $508,235 |
| 2022 | 126 | $4.9M | $220,573 | $457,787 |
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 |
|---|---|---|---|---|
| DELONG & BROWER PC | Auditor | — | — | $0 |
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 | $11,886 | — | $11,886 | — | — |
| 2023 | $33,968 | — | $33,968 | — | — |
| 2022 | — | — | — | — | — |