Plan Snapshot
- Plan Sponsor: Star Cutter Co.
- Sponsor EIN: 381325280
- Sponsor Address: 23461 INDUSTRIAL PARK DRIVE, FARMINGTON HILLS, MI, 483320376
- Plan Type: 401(k)
- Total Participants: 404
- Total Assets: $37.2M
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 | 404 | $37.2M | $891,926 | $1.6M |
| 2023 | 393 | $33.5M | $762,228 | $1.3M |
| 2022 | 376 | $30.4M | $740,751 | $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 |
|---|---|---|---|---|
| NEWPORT GROUP, INC. | RECORDKEEPER | $31,989 | — | $31,989 |
| FUND EVALUATION GROUP, LLC | ADVISOR | $30,000 | — | $30,000 |
| DOEREN MAYHEW ASSURANCE | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DOEREN MAYHEW ASSURANCE — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $61,989
- Estimated Expense Ratio: 0.166% 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 | $61,989 | $30,000 | $14,948 | — | — |
| 2023 | $63,585 | $35,728 | $15,136 | — | — |
| 2022 | $141,715 | $22,500 | $119,215 | — | — |