Plan Snapshot
- Plan Sponsor: Russ' Of Holland, INC.
- Sponsor EIN: 381776905
- Sponsor Address: 390 EAST 8TH STREET, SUITE 1, HOLLAND, MI, 49423
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 181
- Total Assets: $6.9M
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. |
|---|---|---|---|---|
| 2025 | 181 | $6.9M | $0 | $0 |
| 2024 | 232 | $6.0M | $45,099 | $254,538 |
| 2023 | 212 | $5.3M | $54,088 | $267,562 |
| 2022 | 186 | $5.0M | $54,160 | $279,090 |
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 ADVISORY GROUP, LLC | Investment Advisor | $19,704 | — | $19,704 |
| FIFTH THIRD BANK | Investment Advisor | $12,453 | — | $12,453 |
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $7,375 | — | $7,375 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $39,532
- 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 |
|---|---|---|---|---|---|
| 2025 | $346,584 | $19,704 | — | — | — |
| 2024 | $32,822 | $29,064 | — | — | — |
| 2023 | $43,344 | $30,252 | — | — | — |
| 2022 | $56,917 | — | $56,917 | — | — |