Plan Snapshot
- Plan Sponsor: Small Business Resource Center
- Sponsor EIN: 383042915
- Sponsor Address: 120 N. WASHINGTON SQUARE SUITE 1000, LANSING, MI, 48933
- Plan Type: 401(k)
- Total Participants: 372
- Total Assets: $10.8M
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. |
|---|---|---|---|---|
| 2023 | 372 | $10.8M | $517,897 | $1.2M |
| 2022 | 272 | $8.3M | $487,903 | $557,532 |
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 |
|---|---|---|---|---|
| ADMIN. GROUP, LLC DBA TAG RESOURCES | TPA, RECORDKPR | $60,776 | — | $60,776 |
| TRANSAMERICA RETIREMENT SOLUTIONS | RECORD KEEPER | $54,072 | — | $54,072 |
| THE O.N. EQUITY SALES CO. | INVESTMENT ADVISORY-PLAN | $33,402 | — | $33,402 |
| MORGAN STANLEY GLOBAL BANKING | INVESTMENT ADVISORY-PLAN | $26,018 | — | $26,018 |
| TEMPLETON & COMPANY | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — RECORD KEEPER
- MORGAN STANLEY GLOBAL BANKING — INVESTMENT ADVISORY-PLAN
- TEMPLETON & COMPANY — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $174,268
- Estimated Expense Ratio: 1.608% 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 |
|---|---|---|---|---|---|
| 2023 | $93,303 | $33,432 | $30,388 | — | — |
| 2022 | $55,416 | $21,883 | $33,533 | — | — |