Plan Snapshot
- Plan Sponsor: Ram Construction Services Of Michigan, INC.
- Sponsor EIN: 381164400
- Sponsor Address: 13800 ECKLES RD, LIVONIA, MI, 481501041
- Plan Type: 401(k)
- Total Participants: 175
- Total Assets: $20.8M
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 | 175 | $20.8M | $597,475 | $1.2M |
| 2023 | 162 | $18.1M | $552,756 | $1.2M |
| 2022 | 146 | $14.5M | $456,791 | $943,753 |
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 | CONTRACT ADMINISTRATOR | $80,934 | — | $80,934 |
| PARK AVENUE SECURITIES | OTHER SERVICES | — | $18,637 | $18,637 |
| DOEREN MAYHEW ASSURANCE | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PARK AVENUE SECURITIES — OTHER SERVICES
- DOEREN MAYHEW ASSURANCE — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $99,571
- Estimated Expense Ratio: 0.478% 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 | $80,934 | — | $80,934 | — | — |
| 2023 | $65,664 | — | $65,664 | — | — |
| 2022 | $62,226 | — | $62,226 | — | — |