Plan Snapshot
- Plan Sponsor: Redico, LLC.
- Sponsor EIN: 203863475
- Sponsor Address: ONE TOWNE SQUARE SUITE 1600, SOUTHFIELD, MI, 48076
- Plan Type: 401(k)
- Total Participants: 515
- Total Assets: $22.8M
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 | 515 | $22.8M | $596,463 | $1.9M |
| 2023 | 500 | $21.0M | $568,954 | $1.8M |
| 2022 | 387 | $17.4M | $485,797 | $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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $96,684 | — | $96,684 |
| INSTITUTIONAL INVESTMENT CONSULTING | INVESTMENT ADVISOR | $35,266 | — | $35,266 |
| PLANTE & MORAN, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PLANTE & MORAN, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $131,950
- Estimated Expense Ratio: 0.578% 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 | $126,187 | $37,548 | — | — | — |
| 2023 | $107,295 | $30,898 | — | — | — |
| 2022 | $115,484 | — | $115,484 | — | — |