# Star Cutter Co. 401(k) Plan
Source: https://planprovider.pro/companies/star-cutter-co-401k-plan

> Star Cutter Co.'s 401(k) plan: 404 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|—|—|

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