Plan Snapshot
- Plan Sponsor: Mollertech, LLC
- Sponsor EIN: 522119622
- Sponsor Address: 51280 REGENCY CENTER DRIVE, MACOMB, MI, 48315
- Plan Type: 401(k)
- Total Participants: 440
- Total Assets: $6.6M
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 | 440 | $6.6M | $208,205 | $734,002 |
| 2023 | 477 | $5.9M | $230,009 | $775,768 |
| 2022 | 493 | $4.6M | $260,865 | $835,572 |
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 |
|---|---|---|---|---|
| ADP, INC. | Recordkeeper | $48,192 | — | $48,192 |
| RESOURCES INVESTMENT ADVISORS, INC. | Recordkeeper | $29,728 | — | $29,728 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — Recordkeeper
- RESOURCES INVESTMENT ADVISORS, INC. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $77,920
- Estimated Expense Ratio: 1.183% 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 | $77,920 | $29,728 | — | — | — |
| 2023 | $70,910 | $24,486 | — | — | — |
| 2022 | $73,149 | — | — | — | — |