Plan Snapshot
- Plan Sponsor: Millennium Software
- Sponsor EIN: 383316472
- Sponsor Address: 2000 TOWN CENTER, SUITE 300, SOUTHFIELD, MI, 48075
- Plan Type: 401(k)
- Total Participants: 517
- Total Assets: $12.3M
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 | 517 | $12.3M | $0 | $1.5M |
| 2023 | 453 | $11.1M | $0 | $1.2M |
| 2022 | 385 | $9.9M | $0 | $1.1M |
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 |
|---|---|---|---|---|
| SENTINEL BENEFITS GROUP, INC. | TPA | $44,017 | — | $44,017 |
| CHARLES SCHWAB TRUST COMPANY | CUSTODIAN | $5,215 | — | $5,215 |
| NPD GROUP CPA, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SENTINEL BENEFITS GROUP, INC. — TPA
- CHARLES SCHWAB TRUST COMPANY — CUSTODIAN
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $49,232
- Estimated Expense Ratio: 0.401% 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 | $52,732 | $3,500 | — | — | — |
| 2023 | $48,366 | $3,500 | — | — | — |
| 2022 | $49,437 | $3,500 | — | — | $45,937 |