Plan Snapshot
- Plan Sponsor: Mission Design & Automation, LLC
- Sponsor EIN: 201734136
- Sponsor Address: 9652 BLACK RIVER CT., HOLLAND, MI, 49424
- Plan Type: 401(k)
- Total Participants: 145
- Total Assets: $8.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 145 | $8.0M | $466,893 | $1.0M |
| 2023 | 123 | $5.7M | $350,727 | $818,546 |
| 2022 | 97 | $3.5M | $274,291 | $661,789 |
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 |
|---|---|---|---|---|
| NEWPORT GROUP, INC. | RECORDKEEPER | $21,272 | — | $21,272 |
| CETERA INVESTMENT ADVISORS | ADVISOR | $19,313 | — | $19,313 |
| BAKER HOLTZ | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $40,585
- Estimated Expense Ratio: 0.507% 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 | $40,585 | $19,313 | $21,272 | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |