Plan Snapshot
- Plan Sponsor: Saginaw Products Corporation
- Sponsor EIN: 380996020
- Sponsor Address: 68 WILLIAMSON STREET, SAGINAW, MI, 48601
- Plan Type: 401(k)
- Total Participants: 120
- Total Assets: $13.4M
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 | 120 | $13.4M | $154,783 | $562,419 |
| 2023 | 111 | $11.1M | $133,396 | $482,709 |
| 2022 | 120 | $9.4M | $133,543 | $499,624 |
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 |
|---|---|---|---|---|
| MORGAN STANLEY GLOBAL BANKING | INVESTMENT ADVISOR | $30,480 | — | $30,480 |
| TRANSAMERICA RETIREMENT SOLUTIONS | RECORDKEEPER | $12,109 | — | $12,109 |
| YEO & YEO | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY GLOBAL BANKING — INVESTMENT ADVISOR
- TRANSAMERICA RETIREMENT SOLUTIONS — RECORDKEEPER
- YEO & YEO — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $42,589
- Estimated Expense Ratio: 0.318% 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 | $42,589 | $30,480 | — | — | — |
| 2023 | $33,497 | $24,753 | — | — | — |
| 2022 | $31,767 | $24,316 | — | — | — |