Plan Snapshot
- Plan Sponsor: Newco Industrial Plastics, LLC
- Sponsor EIN: 883693780
- Sponsor Address: 4172 DANVERS CT. SE, GRAND RAPIDS, MI, 49512
- Plan Type: 401(k)
- Total Participants: 151
- Total Assets: $6.6M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 151 | $6.6M | $259,957 | $592,047 |
| 2023 | 239 | $5.5M | $267,301 | $518,207 |
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 |
|---|---|---|---|---|
| MMA SECURITIES LLC | INVESTMENT ADVISORY | $29,784 | $15 | $29,799 |
| PRINCIPAL LIFE INSURANCE CO | CONTRACT ADMINISTRATOR | $28,703 | — | $28,703 |
| ERISA SERVICES INC | CONTRACT ADMINISTRATOR | $2,700 | $2,965 | $5,665 |
| COHN REZNICK LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MMA SECURITIES LLC — INVESTMENT ADVISORY
- ERISA SERVICES INC — CONTRACT ADMINISTRATOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $64,167
- Estimated Expense Ratio: 0.968% 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 | $61,195 | $29,792 | $31,403 | — | — |
| 2023 | $49,802 | $28,777 | $21,025 | — | — |