Plan Snapshot
- Plan Sponsor: Nlb Corporation
- Sponsor EIN: 381957117
- Sponsor Address: 51701 GRAND RIVER AVENUE, WIXOM, MI, 48393
- Plan Type: 401(k)
- Total Participants: 238
- Total Assets: $28.1M
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 | 238 | $28.1M | $625,546 | $1.6M |
| 2023 | 232 | $25.9M | $606,946 | $1.7M |
| 2022 | 219 | $22.7M | $562,626 | $1.5M |
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 |
|---|---|---|---|---|
| HIGHPOINT ADVISOR GROUP LLC | INVESTMENT ADVISOR | $30,485 | — | $30,485 |
| CAPITAL GROUP RETIREMENT PLAN SVCS. | RECORDKEEPER | $8,020 | — | $8,020 |
| PLANTE & MORAN, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PLANTE & MORAN, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $38,505
- Estimated Expense Ratio: 0.137% 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 | $38,505 | $30,485 | — | — | — |
| 2023 | $41,177 | $27,060 | — | — | — |
| 2022 | $55,124 | — | $55,124 | — | — |