Plan Snapshot
- Plan Sponsor: Niles Precision Company
- Sponsor EIN: 381351498
- Sponsor Address: 1308 FORT STREET, NILES, MI, 49120
- Plan Type: 401(k)
- Total Participants: 145
- Total Assets: $23.3M
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 | 145 | $23.3M | $391,931 | $630,215 |
| 2023 | 140 | $21.0M | $90,621 | $572,947 |
| 2022 | 147 | $19.4M | $395,229 | $576,295 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $28,782 | — | $28,782 |
| FIFTH THIRD BANK | Investment Advisor | $25,753 | — | $25,753 |
| ACTIUM LLC | Investment Advisor | $12,680 | — | $12,680 |
| BEMANAGED FINANCIAL SERVICES INC | Investment Advisor | $12,523 | — | $12,523 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $79,738
- 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 | $79,739 | $50,957 | — | — | — |
| 2023 | $75,390 | $49,789 | — | — | — |
| 2022 | $76,863 | $42,668 | $34,195 | — | — |