# Security Police Fire Professionals Of America 401(k) Plan
Source: https://planprovider.pro/companies/security-police-fire-professionals-of-america-381294556-501

> Security Police Fire Professionals Of America's 401(k) plan: 3,490 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/bdo-usa-pc) — Auditor

- [COWDEN ASSOCIATES, INC.](https://planprovider.pro/provider/john-hancock) — Recordkeeper

- [VARNUM](https://planprovider.pro/provider/varnum-llp) — 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|

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