Plan Snapshot
- Plan Sponsor: Motor City Stamping, INC.
- Sponsor EIN: 381859437
- Sponsor Address: 47783 GRATIOT AVENUE, CHESTERFIELD, MI, 480512721
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 325
- Total Assets: $12.9M
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. |
|---|---|---|---|---|
| 2025 | 325 | $12.9M | $0 | $0 |
| 2024 | 302 | $11.5M | $341,643 | $790,206 |
| 2023 | 293 | $11.0M | $320,686 | $737,204 |
| 2022 | 286 | $9.7M | $279,872 | $698,017 |
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 |
|---|---|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH | Other Service Provider | $29,084 | $15 | $29,099 |
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $27,750 | — | $27,750 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $56,849
- Estimated Expense Ratio: 0.440% 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 |
|---|---|---|---|---|---|
| 2025 | $1,436,485 | $11,634 | $27,750 | — | — |
| 2024 | $53,269 | $5,558 | $39,374 | — | — |
| 2023 | $28,259 | — | $28,259 | — | — |
| 2022 | $26,584 | — | $26,584 | — | — |