Plan Snapshot
- Plan Sponsor: Rockwell Medical, INC.
- Sponsor EIN: 383317208
- Sponsor Address: 30142 WIXOM ROAD, WIXOM, MI, 48393
- Plan Type: 401(k)
- Total Participants: 253
- Total Assets: $5.4M
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 | 253 | $5.4M | $384,847 | $715,218 |
| 2023 | 225 | $4.0M | $468,202 | $727,296 |
| 2022 | 231 | $3.3M | $412,564 | $767,822 |
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 |
|---|---|---|---|---|
| DAHRING CUSMANO AND ASSOCIATES | ADVISOR | $15,427 | — | $15,427 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $15,140 | — | $15,140 |
| PLANTE & MORAN, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- PLANTE & MORAN, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $30,567
- Estimated Expense Ratio: 0.570% 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 | $30,567 | $15,427 | — | — | — |
| 2023 | $28,034 | $12,460 | — | — | — |
| 2022 | $23,813 | — | — | — | — |