Plan Snapshot
- Plan Sponsor: Peterson Farms, INC.
- Sponsor EIN: 382519910
- Sponsor Address: 3104 WEST BASELINE ROAD, SHELBY, MI, 49455
- Plan Type: 401(k)
- Total Participants: 831
- Total Assets: $18.9M
Key Plan Design Features
- Auto-Enrollment: No
- 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. |
|---|---|---|---|---|
| 2023 | 831 | $18.9M | $911,482 | $1.7M |
| 2022 | 669 | $15.7M | $827,929 | $1.5M |
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 |
|---|---|---|---|---|
| NEWPORT GROUP, INC. | Recordkeeper | $105,018 | — | $105,018 |
| PNC INSTITUTIONAL ASSET MANAGEMENT | Investment Advisor | $41,306 | — | $41,306 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $146,324
- Estimated Expense Ratio: 0.775% 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 |
|---|---|---|---|---|---|
| 2023 | $75,716 | $21,723 | $32,253 | — | — |
| 2022 | $64,870 | $10,335 | $53,210 | — | $1,325 |