Plan Snapshot
- Plan Sponsor: Ray Laethem Buick Gmc, INC.
- Sponsor EIN: 382329266
- Sponsor Address: 17677 MACK AVE, DETROIT, MI, 48224
- Plan Type: 401(k)
- Total Participants: 107
- Total Assets: $4.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 107 | $4.9M | $38,237 | $361,673 |
| 2023 | 125 | $6.9M | $55,072 | $493,878 |
| 2022 | 130 | $6.1M | $536,329 | $57,581 |
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 |
|---|---|---|---|---|
| BENDA, GRACE, STULTZ & COMPANY, PC | Auditor | — | — | $0 |
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 | $14,949 | $2,554 | $12,395 | — | — |
| 2023 | $1,872 | — | — | — | — |
| 2022 | $852 | — | — | — | $852 |