Plan Snapshot
- Plan Sponsor: Northgate
- Sponsor EIN: 382503040
- Sponsor Address: G3367 CORUNNA RD, FLINT, MI, 48532
- Plan Type: 401(k)
- Total Participants: 192
- Total Assets: $7.0M
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 | 192 | $7.0M | $184,897 | $286,330 |
| 2023 | 210 | $6.3M | $242,275 | $331,970 |
| 2022 | 229 | $5.4M | $161,253 | $291,122 |
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 |
|---|---|---|---|---|
| TRANSAMERICA LIFE INSURANCE COMPANY | Recordkeeper | $31,149 | — | $31,149 |
| OSAIC WEALTH, INC. | Investment Advisor | $21,533 | — | $21,533 |
| PENSION PLAN SERVICES, INC. - MI | Recordkeeper | $10,007 | — | $10,007 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA LIFE INSURANCE COMPANY — Recordkeeper
- OSAIC WEALTH, INC. — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $62,689
- Estimated Expense Ratio: 0.898% 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 | $62,689 | — | $62,689 | — | — |
| 2023 | $56,305 | — | $56,305 | — | — |
| 2022 | $42,831 | — | $42,831 | — | — |