Plan Snapshot
- Plan Sponsor: Shaheen Automotive Group, INC.
- Sponsor EIN: 381941335
- Sponsor Address: 632 AMERICAN ROAD, LANSING, MI, 48911
- Plan Type: 401(k)
- Total Participants: 517
- Total Assets: $25.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 517 | $25.6M | $300,354 | $2.4M |
| 2023 | 469 | $23.7M | $262,505 | $2.2M |
| 2022 | 450 | $19.5M | $232,890 | $2.2M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $46,971 | — | $46,971 |
| ANDREWS, HOOPER & PAVLIK, PLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ANDREWS, HOOPER & PAVLIK, PLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $46,971
- Estimated Expense Ratio: 0.184% 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 | $109,717 | — | $109,717 | — | — |
| 2023 | $48,180 | $38,531 | $9,649 | — | — |
| 2022 | $41,700 | $36,166 | $5,534 | — | — |