Plan Snapshot
- Plan Sponsor: Nemak Usa, INC.
- Sponsor EIN: 621298183
- Sponsor Address: 2 TOWNE SQUARE, SUITE 300, SOUTHFIELD, MI, 48076
- Plan Type: 401(k)
- Total Participants: 2,035
- Total Assets: $189.0M
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 | 2,035 | $189.0M | $5.0M | $11.0M |
| 2023 | 2,472 | $174.7M | $5.3M | $11.2M |
| 2022 | 2,127 | $145.9M | $4.2M | $9.4M |
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 |
|---|---|---|---|---|
| SENTINEL BENEFITS GROUP, INC. | TPA | $505,854 | — | $505,854 |
| SENTINEL PENSION ADVISORS | ADVISOR | $100,000 | — | $100,000 |
| FIDELITY TRUST COMPANY | CUSTODIAN | $42,947 | — | $42,947 |
| HORNE LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SENTINEL BENEFITS GROUP, INC. — TPA
- SENTINEL PENSION ADVISORS — ADVISOR
- HORNE LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $648,801
- Estimated Expense Ratio: 0.343% 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 | $648,801 | $100,000 | — | — | — |
| 2023 | $501,680 | $100,000 | — | — | — |
| 2022 | $438,075 | $100,000 | — | — | $338,075 |