Plan Snapshot
- Plan Sponsor: Sanctus, LLC Dba Shift Digital
- Sponsor EIN: 364856116
- Sponsor Address: 348 E. MAPLE ROAD, BIRMINGHAM, MI, 48009
- Plan Type: 401(k)
- Total Participants: 733
- Total Assets: $31.9M
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. |
|---|---|---|---|---|
| 2023 | 733 | $31.9M | $571,477 | $3.7M |
| 2022 | 679 | $24.8M | $624,832 | $3.5M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $165,278 | — | $165,278 |
| MORGAN STANLEY GLOBAL | INVESTMENT ADVISORY | $37,260 | $240 | $37,500 |
| GREAT LAKES PENSION ASSOCIATES, INC | OTHER SERVICES | — | $26,184 | $26,184 |
| PLANTE & MORAN, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY GLOBAL — INVESTMENT ADVISORY
- PLANTE & MORAN, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $228,962
- Estimated Expense Ratio: 0.717% 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 |
|---|---|---|---|---|---|
| 2023 | $101,237 | — | — | — | — |
| 2022 | $120,930 | — | — | — | — |