Plan Snapshot
- Plan Sponsor: Security Police Fire Professionals Of America
- Sponsor EIN: 381294556
- Sponsor Address: 25510 KELLY RD., ROSEVILLE, MI, 48066
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 3,490
- Total Assets: $14.8M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 3,490 | $14.8M | $33.5M | $7.4M |
| 2023 | 4,843 | $12.6M | $34.8M | $8.6M |
| 2022 | 5,765 | $12.3M | $36.2M | $9.0M |
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 |
|---|---|---|---|---|
| MUSGROVE ASSOCIATES | Other Service Provider | $2,543,410 | — | $2,543,410 |
| BLUE CROSS BLUE SHIELD OF MICHIGAN | Other Service Provider | $1,842,347 | — | $1,842,347 |
| BDO USA, P.C. | Auditor | $534,001 | — | $534,001 |
| ACRISURE MID-ATLANTIC PARTNERS INS. | Other Service Provider | $179,310 | — | $179,310 |
| COWDEN ASSOCIATES, INC. | Recordkeeper | $65,600 | — | $65,600 |
| GREGORY, MOORE, BROOKS, CLARK | Other Service Provider | $58,523 | — | $58,523 |
| SPFPA INTERNATIONAL UNION | Other Service Provider | $25,328 | — | $25,328 |
| VARNUM | ERISA Attorney | $23,059 | — | $23,059 |
| MOONEY, GREEN, SAINDON, MURPHY | Other Service Provider | $12,000 | — | $12,000 |
| WESTERN INTERNATIONAL SECURITIES | Other Service Provider | $8,914 | — | $8,914 |
| WELLS FARGO BANK, N.A. | Other Service Provider | $6,632 | — | $6,632 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BDO USA, P.C. — Auditor
- COWDEN ASSOCIATES, INC. — Recordkeeper
- VARNUM — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $5,299,124
- Estimated Expense Ratio: 35.808% 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 | $5,323,794 | $8,914 | $2,788,320 | $534,001 | — |
| 2023 | $5,866,425 | $33,490 | $2,991,231 | $201,350 | — |
| 2022 | $5,866,745 | $7,600 | $1,924,715 | — | $209,657 |