Plan Snapshot
- Plan Sponsor: Sietsema Farms INC.
- Sponsor EIN: 383001620
- Sponsor Address: 11304 EDGEWATER DR., ALLENDALE, MI, 49401
- Plan Type: 401(k)
- Total Participants: 167
- Total Assets: $14.2M
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 | 167 | $14.2M | $304,282 | $442,991 |
| 2023 | 201 | $13.1M | $309,598 | $429,327 |
| 2022 | 194 | $10.5M | $288,522 | $419,070 |
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 |
|---|---|---|---|---|
| WINTRUST PRIVATE TRUST COMPANY | Custodian / Trustee | $45,968 | — | $45,968 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $45,968
- Estimated Expense Ratio: 0.324% 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 | $45,968 | — | $33,084 | — | — |
| 2023 | $31,045 | — | — | — | — |
| 2022 | $42,384 | — | $42,384 | — | — |