Plan Snapshot
- Plan Sponsor: Prein & Newhof
- Sponsor EIN: 381891590
- Sponsor Address: 3355 EVERGREEN DR NE, GRAND RAPIDS, MI, 49525
- Plan Type: 401(k)
- Total Participants: 154
- Total Assets: $59.8M
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 | 154 | $59.8M | $659,010 | $1.8M |
| 2023 | 150 | $49.7M | $639,281 | $1.8M |
| 2022 | 153 | $41.2M | $583,881 | $1.6M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $87,847 | — | $87,847 |
| NORTHWESTERN MUTUAL WEALTH MGMT CO. | Investment Advisor | — | $32,545 | $32,545 |
| PREIN & NEWHOF, INC | Recordkeeper | — | $12,637 | $12,637 |
| DOEREN MAYHEW GRAND RAPIDS, PLLC | Other Service Provider | — | $8,339 | $8,339 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NORTHWESTERN MUTUAL WEALTH MGMT CO. — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $141,368
- Estimated Expense Ratio: 0.236% 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 | $87,847 | — | $87,847 | — | — |
| 2023 | $91,953 | — | $91,953 | — | — |
| 2022 | $86,287 | — | $86,287 | — | — |