Plan Snapshot
- Plan Sponsor: Stanford Brothers, INC Dba Varsity Ford
- Sponsor EIN: 382541590
- Sponsor Address: PO BOX 2507, ANN ARBOR, MI, 48106
- Plan Type: 401(k)
- Total Participants: 175
- Total Assets: $26.9M
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 | 175 | $26.9M | $273,958 | $1.4M |
| 2023 | 141 | $22.3M | $277,814 | $1.3M |
| 2022 | 147 | $20.0M | $269,755 | $1.3M |
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 LLP | 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 | $24,301 | $37,680 | — | — | — |
| 2023 | $23,183 | $37,796 | $300 | — | — |
| 2022 | $21,697 | $5,617 | — | — | — |