Plan Snapshot
- Plan Sponsor: Nagel Precision INC.
- Sponsor EIN: 133116581
- Sponsor Address: 288 DINO DRIVE, ANN ARBOR, MI, 48103
- Plan Type: 401(k)
- Total Participants: 110
- Total Assets: $24.4M
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 | 110 | $24.4M | $395,563 | $606,329 |
| 2023 | 107 | $22.9M | $370,827 | $561,234 |
| 2022 | 105 | $20.6M | $347,768 | $529,623 |
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 |
|---|---|---|---|---|
| PLANTE & MORAN | 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 | $677 | — | $677 | — | — |
| 2023 | $3,626 | — | $3,626 | — | — |
| 2022 | $5,506 | — | $4,330 | — | — |