Plan Snapshot
- Plan Sponsor: Ovation Rehabilitation Services,
- Sponsor EIN: 921263504
- Sponsor Address: 21500 HAGGERTY RD. SUITE 160, NORTHVILLE, MI, 48167
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 448
- Total Assets: $5.9M
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. |
|---|---|---|---|---|
| 2025 | 448 | $5.9M | $0 | $0 |
| 2024 | 297 | $3.3M | $67,737 | $653,838 |
| 2023 | 201 | $2.2M | $34,230 | $342,351 |
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 |
|---|---|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH | Investment Advisor | — | $20,661 | $20,661 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $20,661
- Estimated Expense Ratio: 0.349% 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 |
|---|---|---|---|---|---|
| 2025 | $125,850 | — | — | — | — |
| 2024 | $179,250 | — | — | — | — |
| 2023 | $21,259 | — | — | — | — |