Plan Snapshot
- Plan Sponsor: Paragon Die & Engineering Company
- Sponsor EIN: 381605713
- Sponsor Address: 5225 33RD STREET SE, GRAND RAPIDS, MI, 49512
- Plan Type: 401(k)
- Total Participants: 164
- Total Assets: $34.1M
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 | 164 | $34.1M | $474,109 | $1.2M |
| 2023 | 158 | $31.2M | $464,541 | $1.2M |
| 2022 | 171 | $28.0M | $466,144 | $1.1M |
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 |
|---|---|---|---|---|
| GREENLEAF TRUST | Custodian / Trustee | $104,208 | — | $104,208 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $104,208
- Estimated Expense Ratio: 0.305% 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 | $104,208 | $97,774 | — | — | — |
| 2023 | $91,742 | $88,663 | — | — | — |
| 2022 | $95,509 | — | — | — | $95,509 |