Plan Snapshot
- Plan Sponsor: Rapid-Line, INC.
- Sponsor EIN: 382853756
- Sponsor Address: 1475 GEZON PKWY., SW, GRAND RAPIDS, MI, 495099388
- Plan Type: 401(k)
- Total Participants: 78
- Total Assets: $11.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 78 | $11.3M | $780,588 | $306,750 |
| 2023 | 82 | $12.7M | $708,025 | $364,948 |
| 2022 | 94 | $11.9M | $533,946 | $325,917 |
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 |
|---|---|---|---|---|
| DOEREN MAYHEW ASSURANCE | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DOEREN MAYHEW ASSURANCE — 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 | $24,393 | — | $24,393 | — | — |
| 2023 | $23,322 | — | $23,257 | — | — |
| 2022 | $21,822 | — | $21,782 | — | — |