# Ofta, LLC 401(k) Plan
Source: https://planprovider.pro/companies/ofta-llc-401k-plan

> Ofta, LLC's 401(k) plan: 235 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Ofta, LLC

- **Sponsor EIN:** 262788342

- **Sponsor Address:** 921 N DIVISION AVE., GRAND RAPIDS, MI, 49503

- **Plan Type:** 401(k)

- **Total Participants:** 235

- **Total Assets:** $10.2M

## 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|235|$10.2M|$335,034|$890,148|

| 2023|241|$8.4M|$280,144|$876,255|

| 2022|273|$6.3M|$317,286|$954,847|

## 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|

| JOHN HANCOCK|RETAINED BY EMPLOYER|$33,989|—|$33,989|

| FENNER, MELSTORM & DOOLING, PLC|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [JOHN HANCOCK](https://planprovider.pro/provider/john-hancock) — RETAINED BY EMPLOYER

- [FENNER, MELSTORM & DOOLING, PLC](https://planprovider.pro/provider/fenner-melstrom-and-dooling-plc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $33,989

- **Estimated Expense Ratio:** 0.332% 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|$33,989|$450|$33,539|—|—|

| 2023|$18,570|$370|$18,200|—|—|

| 2022|$4,986|$42|$4,944|—|—|

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- [Oakland Management Corp](https://planprovider.pro/companies/oakland-management-corp-401k-plan) — 1,005 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/ofta-llc-401k-plan)

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