Plan Snapshot
- Plan Sponsor: Semco Energy, INC.
- Sponsor EIN: 382144267
- Sponsor Address: 1411 THIRD STREET, STE A, PORT HURON, MI, 48060
- Plan Type: 401(k)
- Plan Number: 521
- Total Participants: 0
- Total Assets: $11.8M
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 | 0 | $11.8M | $0 | $801,150 |
| 2023 | 0 | $11.7M | $213,231 | $878,175 |
| 2022 | 0 | $11.0M | $0 | $914,224 |
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 |
|---|---|---|---|---|
| CAREFIRST BLUECROSS BLUESHIELD | Recordkeeper | $146,868 | — | $146,868 |
| BUSINESSOLVER.COM, INC. | Recordkeeper | $34,602 | — | $34,602 |
| CVS CAREMARK | Recordkeeper | $19,383 | — | $19,383 |
| WILLIS TOWERS WATSON US LLC | Recordkeeper | $8,462 | — | $8,462 |
| COMERICA BANK | Custodian / Trustee | $6,732 | — | $6,732 |
| GRANT THORNTON, LLP | Auditor | $6,040 | — | $6,040 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON US LLC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $222,087
- Estimated Expense Ratio: 1.875% 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 | $227,635 | $4,789 | $200,853 | $6,581 | — |
| 2023 | $563,360 | $5,006 | $162,305 | $6,370 | — |
| 2022 | $611,754 | $4,695 | $245,985 | — | $10,216 |