Plan Snapshot
- Plan Sponsor: Service Express, LLC
- Sponsor EIN: 383368786
- Sponsor Address: 3855 SPARKS AVE. SE, GRAND RAPIDS, MI, 49546
- Plan Type: 401(k)
- Total Participants: 630
- Total Assets: $61.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 630 | $61.7M | $2.0M | $5.6M |
| 2023 | 621 | $53.2M | $1.8M | $5.3M |
| 2022 | 680 | $39.6M | $1.3M | $4.6M |
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 COMPANY | Recordkeeper | $87,118 | — | $87,118 |
| CREATIVE PLANNING LLC | Investment Advisor | $77,987 | — | $77,987 |
| EMPOWER ADVISORY GROUP LLC | Investment Advisor | $39,353 | — | $39,353 |
| THE W.L. BURMEISTER COMPAY | Other Service Provider | $16,020 | — | $16,020 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $220,478
- Estimated Expense Ratio: 0.358% 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 | $250,478 | $147,340 | $16,020 | — | — |
| 2023 | $231,601 | $131,211 | $39,268 | — | — |
| 2022 | $140,139 | — | $140,139 | — | — |