Plan Snapshot
- Plan Sponsor: Sterling Bank & Trust Fsb
- Sponsor EIN: 382524834
- Sponsor Address: ONE TOWNE SQUARE, SOUTHFILED, MI, 48076
- Plan Type: 401(k)
- Total Participants: 223
- Total Assets: $29.0M
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 | 223 | $29.0M | $1.2M | $1.9M |
| 2023 | 247 | $25.6M | $1.2M | $2.0M |
| 2022 | 276 | $22.2M | $1.3M | $2.0M |
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 |
|---|---|---|---|---|
| MEADEN & MOORE, LTD. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MEADEN & MOORE, LTD. — Auditor
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 | $60,650 | $44,827 | $15,823 | — | — |
| 2023 | $90,237 | $55,092 | $35,145 | — | — |
| 2022 | $95,952 | $51,838 | $44,114 | — | — |