Plan Snapshot
- Plan Sponsor: Peter Basso Associates, INC.
- Sponsor EIN: 382924399
- Sponsor Address: 5145 LIVERNOIS, TROY, MI, 48098
- Plan Type: 401(k)
- Total Participants: 127
- Total Assets: $34.8M
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 | 127 | $34.8M | $166,227 | $1.4M |
| 2023 | 117 | $29.8M | $152,507 | $1.3M |
| 2022 | 104 | $24.7M | $133,102 | $1.2M |
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 |
|---|---|---|---|---|
| GALLAGHER BENEFIT SERVICES, INC. | CONSULTANT | $25,000 | — | $25,000 |
| WIPFLI LLP | ACCOUNTANT/AUDITOR | $11,950 | — | $11,950 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GALLAGHER BENEFIT SERVICES, INC. — CONSULTANT
- WIPFLI LLP — ACCOUNTANT/AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $36,950
- Estimated Expense Ratio: 0.106% 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 | $4,002 | $2,661 | — | $11,950 | — |
| 2023 | $1,121 | $2,106 | — | $11,600 | — |
| 2022 | $2,386 | $1,572 | — | — | — |