Plan Snapshot
- Plan Sponsor: Secrest, Wardle, Lynch, Hampton, Truex, And Morley, PC
- Sponsor EIN: 381863919
- Sponsor Address: 2600 TROY CENTER DRIVE, TROY, MI, 48007
- Plan Type: 401(k)
- Total Participants: 147
- Total Assets: $12.9M
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. |
|---|---|---|---|---|
| 2024 | 147 | $12.9M | $0 | $1.1M |
| 2023 | 139 | $12.3M | $0 | $1.1M |
| 2022 | 143 | $11.1M | $9,184 | $1.1M |
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 ANNUITY INSURANCE CO | Recordkeeper | $48,799 | — | $48,799 |
| ONEDIGITAL INVESTMENT ADVISORS | Investment Advisor | $28,645 | — | $28,645 |
| RESOURCES INVESTMENT ADVISORS | Investment Advisor | $24,461 | — | $24,461 |
| REHMANN FINANICAL GROUP | Other Service Provider | $6,082 | — | $6,082 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $107,987
- Estimated Expense Ratio: 0.837% 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 | $107,987 | $53,106 | $48,799 | — | — |
| 2023 | $77,545 | $48,209 | $24,265 | — | — |
| 2022 | $81,016 | $54,316 | $26,700 | — | — |