Plan Snapshot
- Plan Sponsor: Speed Wrench, INC.
- Sponsor EIN: 382834301
- Sponsor Address: 3364 QUINCY STREET, HUDSONVILLE, MI, 49426
- Plan Type: 401(k)
- Total Participants: 160
- Total Assets: $10.7M
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 | 160 | $10.7M | $143,841 | $933,629 |
| 2023 | 155 | $8.5M | $131,361 | $837,477 |
| 2022 | 141 | $6.5M | $106,232 | $736,070 |
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 |
|---|---|---|---|---|
| REHMANN ROBSON, LLC | Auditor | — | — | $0 |
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 | $46,793 | $28,354 | $18,439 | — | — |
| 2023 | $29,925 | $17,497 | $12,428 | — | — |
| 2022 | $2,365 | — | — | — | — |