Plan Snapshot
- Plan Sponsor: Semco Energy, INC.
- Sponsor EIN: 382144267
- Sponsor Address: 1411 THIRD STREET, STE A, PORT HURON, MI, 48060
- Plan Type: DB
- Total Participants: 82
- Total Assets: $152.1M
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 | 82 | $152.1M | $222,863 | $0 |
| 2023 | 112 | $142.9M | $413,280 | $0 |
| 2022 | 158 | $158.8M | $0 | $0 |
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 |
|---|---|---|---|---|
| AON CONSULTING, INC. | Recordkeeper | $128,964 | — | $128,964 |
| SCHWARTZ & CO. | Investment Advisor | $60,723 | — | $60,723 |
| GRANT THORNTON, LLP | Auditor | $46,376 | — | $46,376 |
| TOWERS WATSON INVESTMENT SERVICES | Actuary | $45,000 | — | $45,000 |
| WILLIS TOWERS WATSON US LLC | Actuary | $37,064 | — | $37,064 |
| WILLIS TOWERS WATSON US, LLC | Actuary | $35,043 | — | $35,043 |
| COMERICA BANK | Custodian / Trustee | $33,800 | — | $33,800 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- AON CONSULTING, INC. — Recordkeeper
- GRANT THORNTON, LLP — Auditor
- WILLIS TOWERS WATSON US LLC — Actuary
- WILLIS TOWERS WATSON US, LLC — Actuary
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $386,970
- Estimated Expense Ratio: 0.254% 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 | $437,526 | $60,723 | — | $50,977 | — |
| 2023 | $739,753 | $63,785 | — | $46,539 | — |
| 2022 | $229,092 | $66,921 | — | — | $68,255 |