Plan Snapshot
- Plan Sponsor: R.E. Michel Company, LLC
- Sponsor EIN: 520577320
- Sponsor Address: ONE R.E. MICHEL DRIVE, GLEN BURNIE, MD, 21060
- Plan Type: 401(k)
- Total Participants: 1,994
- Total Assets: $92.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 1,994 | $92.8M | $1.6M | $7.0M |
| 2023 | 2,049 | $82.0M | $1.6M | $6.5M |
| 2022 | 2,012 | $70.8M | $1.6M | $6.8M |
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 |
|---|---|---|---|---|
| ADP, INC. | RECORD KEEPER | $225,185 | — | $225,185 |
| HARBOR INVESTMENT ADVISORY, LLC | INVESTMENT/FINANCIAL ADVI | $60,041 | — | $60,041 |
| CLIFTONLARSONALLEN LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — RECORD KEEPER
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $285,226
- Estimated Expense Ratio: 0.307% 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 | $345,268 | $133,762 | — | — | — |
| 2023 | $328,692 | $132,966 | — | — | — |
| 2022 | $312,003 | — | — | — | — |