Plan Snapshot
- Plan Sponsor: Skyway Precision INC.
- Sponsor EIN: 382042423
- Sponsor Address: 41225 PLYMOUTH ROAD, PLYMOUTH, MI, 48170
- Plan Type: 401(k)
- Total Participants: 217
- Total Assets: $8.3M
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 | 217 | $8.3M | $120,918 | $571,739 |
| 2023 | 173 | $8.7M | $160,485 | $593,015 |
| 2022 | 177 | $7.4M | $146,509 | $569,564 |
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 |
|---|---|---|---|---|
| PLANTE & MORAN PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PLANTE & MORAN PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $31,168 | $20,172 | — | — | — |
| 2023 | $32,452 | $19,488 | — | — | — |
| 2022 | $29,162 | — | — | — | — |