Plan Snapshot
- Plan Sponsor: Owen-Ames-Kimball Co.
- Sponsor EIN: 380900420
- Sponsor Address: 126 OTTAWA NW, GRAND RAPIDS, MI, 49503
- Plan Type: DC
- Total Participants: 229
- Total Assets: $40.7M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 229 | $40.7M | $1.9M | $1.3M |
| 2023 | 229 | $34.8M | $1.8M | $1.1M |
| 2022 | 210 | $30.3M | $1.5M | $962,154 |
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 |
|---|---|---|---|---|
| GRAND WEALTH MANAGEMENT LLC | Other Service Provider | $36,539 | — | $36,539 |
| THE VANGUARD GROUP | Recordkeeper | $22,220 | — | $22,220 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $58,759
- Estimated Expense Ratio: 0.144% 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 | $55,729 | $55,729 | — | — | — |
| 2023 | $46,554 | $46,554 | — | — | — |
| 2022 | $44,733 | $44,733 | — | — | — |