Plan Snapshot
- Plan Sponsor: Oakland Management Corp
- Sponsor EIN: 383196699
- Sponsor Address: 31731 NORTHWESTERN HIGHWAY, FARMINGTON HILLS, MI, 48334
- Plan Type: 401(k)
- Total Participants: 1,005
- Total Assets: $19.6M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,005 | $19.6M | $617,569 | $2.1M |
| 2023 | 968 | $16.0M | $584,177 | $1.9M |
| 2022 | 829 | $12.1M | $532,378 | $1.6M |
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 |
|---|---|---|---|---|
| ASCENSUS LLC | NONE | $15,070 | — | $15,070 |
| UNITED OF OMAHA | INVESTMENT COMPANY | $13,793 | — | $13,793 |
| GALLAGHER FIDUCIARY ADVISORS | NONE | $12,000 | — | $12,000 |
| FREEDMAN & GOLDBERG CPAS | NONE | $8,300 | — | $8,300 |
| FREEDMAN & GOLDBERG, C.P.A.S, P.C. | Auditor | $8,300 | — | $8,300 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $57,463
- Estimated Expense Ratio: 0.292% 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 | $49,163 | $12,000 | $28,863 | $8,300 | — |
| 2023 | $52,839 | $136 | $24,403 | $8,300 | — |
| 2022 | $46,908 | $1,203 | $25,805 | — | $7,900 |