Plan Snapshot
- Plan Sponsor: Stiles Machinery, INC.
- Sponsor EIN: 382078017
- Sponsor Address: 3965 44TH ST. SE, GRAND RAPIDS, MI, 49512
- Plan Type: 401(k)
- Total Participants: 568
- Total Assets: $83.2M
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 | 568 | $83.2M | $1.5M | $4.8M |
| 2023 | 593 | $74.6M | $1.5M | $4.8M |
| 2022 | 626 | $63.5M | $1.4M | $4.1M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $59,399 | — | $59,399 |
| PNC BANK NATIONAL ASSOCIATION | INVESTMENT ADVISOR | $13,335 | — | $13,335 |
| PLANTE MORAN | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $72,734
- Estimated Expense Ratio: 0.087% 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 | $72,734 | — | $300 | — | — |
| 2023 | $57,832 | — | $1,200 | — | — |
| 2022 | $80,623 | — | — | — | — |