Plan Snapshot
- Plan Sponsor: Prab, INC.
- Sponsor EIN: 381654849
- Sponsor Address: 5944 EAST N AVENUE, KALAMAZOO, MI, 49048
- Plan Type: 401(k)
- Total Participants: 197
- Total Assets: $31.8M
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 | 197 | $31.8M | $914,510 | $1.1M |
| 2023 | 187 | $26.4M | $858,291 | $998,546 |
| 2022 | 120 | $20.8M | $452,810 | $814,110 |
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 |
|---|---|---|---|---|
| PLANTE & MORAN, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PLANTE & MORAN, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $18,060 | $9,319 | $8,291 | — | — |
| 2023 | $11,529 | — | $10,779 | — | — |
| 2022 | $3,975 | $958 | $3,017 | — | — |