Plan Snapshot
- Plan Sponsor: Northern Star Industries, INC
- Sponsor EIN: 381683485
- Sponsor Address: 3201 E INDUSTRIAL DR., IRON MOUNTAIN, MI, 49801
- Plan Type: Health & Welfare
- Plan Number: 502
- Total Participants: 385
- Total Assets: $3.7M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 385 | $3.7M | $4.0M | $482,582 |
| 2023 | 435 | $3.7M | $4.0M | $482,582 |
| 2022 | 415 | $3.1M | $3.7M | $365,813 |
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 |
|---|---|---|---|---|
| BLUE CROSS BLUE SHIELD OF MICHIGAN | Recordkeeper | $274,746 | — | $274,746 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $274,746
- Estimated Expense Ratio: 7.453% 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 | $317,912 | $6,014 | — | — | — |
| 2023 | $317,912 | $6,014 | — | — | — |
| 2022 | $280,110 | — | — | — | $9,843 |