Plan Snapshot
- Plan Sponsor: Saginaw Control & Engineering, INC.
- Sponsor EIN: 381743515
- Sponsor Address: 95 MIDLAND RD, SAGINAW, MI, 486385770
- Plan Type: 401(k)
- Total Participants: 493
- Total Assets: $27.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 493 | $27.5M | $597,512 | $1.7M |
| 2023 | 469 | $26.1M | $507,408 | $1.5M |
| 2022 | 439 | $20.6M | $434,846 | $1.3M |
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 |
|---|---|---|---|---|
| LINCOLN NATIONAL CORPORATION | SERVICE PROVIDER | $95,907 | — | $95,907 |
| YEO & YEO P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LINCOLN NATIONAL CORPORATION — SERVICE PROVIDER
- YEO & YEO P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $95,907
- Estimated Expense Ratio: 0.349% 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 | $95,907 | — | $95,907 | — | — |
| 2023 | $89,656 | — | $89,656 | — | — |
| 2022 | $90,468 | — | $90,468 | — | — |