Plan Snapshot
- Plan Sponsor: National Heritage Academies, INC.
- Sponsor EIN: 383244019
- Sponsor Address: 3850 BROADMOOR SE, GRAND RAPIDS, MI, 49512
- Plan Type: 401(k)
- Total Participants: 6,715
- Total Assets: $307.3M
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 | 6,715 | $307.3M | $8.6M | $23.3M |
| 2023 | 6,719 | $265.3M | $8.1M | $21.7M |
| 2022 | 6,534 | $216.4M | $7.5M | $20.3M |
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 |
|---|---|---|---|---|
| JOHN HANCOCK | RETAINED BY EMPLOYER | $795,025 | — | $795,025 |
| STIEFEL NICOLAUS & COMPANY, INC. | RETAINED BY PLAN SPONSOR | $82,000 | — | $82,000 |
| HUNGERFORD NICHOLS | RETAINED BY PLAN SPONSOR | $11,900 | — | $11,900 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK — RETAINED BY EMPLOYER
- STIEFEL NICOLAUS & COMPANY, INC. — RETAINED BY PLAN SPONSOR
- HUNGERFORD NICHOLS — RETAINED BY PLAN SPONSOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $888,925
- Estimated Expense Ratio: 0.289% 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 | $888,925 | $91,665 | $785,360 | $11,900 | — |
| 2023 | $873,838 | $83,706 | $778,332 | $11,800 | — |
| 2022 | $811,545 | $82,000 | $714,545 | — | $15,000 |