Plan Snapshot
- Plan Sponsor: Northpointe Bank
- Sponsor EIN: 383448372
- Sponsor Address: 3333 DEPOSIT DRIVE NE, GRAND RAPIDS, MI, 495461429
- Plan Type: 401(k)
- Total Participants: 476
- Total Assets: $61.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 476 | $61.3M | $694,672 | $3.2M |
| 2023 | 636 | $63.5M | $2.2M | $4.7M |
| 2022 | 935 | $59.7M | $2.8M | $6.9M |
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 | $143,655 | — | $143,655 |
| PENTEGRA SERVICES INC. | CONTRACT ADMIN | $108,120 | — | $108,120 |
| 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: $251,775
- Estimated Expense Ratio: 0.411% 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 | $266,131 | — | $108,120 | — | — |
| 2023 | $313,370 | — | — | — | — |
| 2022 | $304,107 | — | — | — | $304,107 |