Plan Snapshot
- Plan Sponsor: Rowley Brothers, INC.
- Sponsor EIN: 381548597
- Sponsor Address: 3604 WILDER ROAD, BAY CITY, MI, 48706
- Plan Type: 401(k)
- Total Participants: 313
- Total Assets: $27.2M
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 | 313 | $27.2M | $404,705 | $1.0M |
| 2023 | 323 | $23.1M | $393,883 | $931,348 |
| 2022 | 269 | $19.2M | $709,970 | $958,055 |
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 |
|---|---|---|---|---|
| TRI STAR TRUST BANK | ADVISOR | $62,190 | — | $62,190 |
| NEWPORT GROUP, INC. | RECORDKEEPER | $23,826 | — | $23,826 |
| WEINLANDER FITZHUGH | AUDITOR | $14,600 | — | $14,600 |
| NEWPORT TRUST COMPANY | TRUSTEE | $7,521 | — | $7,521 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WEINLANDER FITZHUGH — AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $108,137
- Estimated Expense Ratio: 0.397% 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 | $108,137 | $62,190 | $16,795 | $14,600 | — |
| 2023 | $91,043 | $51,352 | $27,000 | — | — |
| 2022 | $101,458 | $64,177 | $37,281 | — | — |