# Padagis, LLC 401(k) Plan
Source: https://planprovider.pro/companies/padagis-llc-plan-001

> Padagis, LLC's 401(k) plan: 477 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Padagis, LLC

- **Sponsor EIN:** 870887102

- **Sponsor Address:** 1251 LINCOLN ROAD, ALLEGAN, MI, 49010

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

- **Total Participants:** 477

- **Total Assets:** $36.6M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **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|477|$36.6M|$2.8M|$3.4M|

| 2023|450|$28.6M|$2.5M|$3.1M|

| 2022|445|$20.0M|$2.9M|$3.1M|

## 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 O|RECORDKEEPER|$44,820|—|$44,820|

| EMPOWER ADVISORY GROUP, LLC|INVESTMENT MGMT|$8,080|—|$8,080|

| FGMK, LLC|AUDITOR|$5,400|—|$5,400|

### Verified Provider Profiles

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

- [FGMK, LLC](https://planprovider.pro/provider/fgmk-llc) — AUDITOR

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $58,300

- **Estimated Expense Ratio:** 0.159% 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|$40,175|$13,480|—|—|—|

| 2023|$14,232|$372|—|—|—|

| 2022|$5,563|—|—|—|—|

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