Plan Snapshot
- Plan Sponsor: Stafford-Smith INC
- Sponsor EIN: 381059585
- Sponsor Address: 3414 S BURDICK ST, KALAMAZOO, MI, 490014836
- Plan Type: 401(k)
- Total Participants: 310
- Total Assets: $13.4M
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 | 310 | $13.4M | $175,788 | $1.2M |
| 2023 | 265 | $11.5M | $159,277 | $1.1M |
| 2022 | 258 | $9.0M | $154,185 | $999,340 |
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 |
|---|---|---|---|---|
| BAIRD INSURANCE SERVICES INC | OTHER SERVICES | — | $15,586 | $15,586 |
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $5,185 | — | $5,185 |
| BDO USA, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BDO USA, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $20,771
- Estimated Expense Ratio: 0.155% 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 | $5,185 | — | $5,185 | — | — |
| 2023 | $4,718 | — | $4,718 | — | — |
| 2022 | $3,840 | — | $3,840 | — | — |