Plan Snapshot
- Plan Sponsor: Structural Concepts Corporation
- Sponsor EIN: 382151875
- Sponsor Address: 888 E PORTER RD, MUSKEGON, MI, 494415848
- Plan Type: 401(k)
- Total Participants: 469
- Total Assets: $36.1M
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 | 469 | $36.1M | $763,499 | $2.5M |
| 2023 | 459 | $33.6M | $703,671 | $2.3M |
| 2022 | 472 | $30.0M | $698,116 | $2.1M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $138,260 | — | $138,260 |
| NEXT FINANCIAL GROUP INC | INVESTMENT ADVISORY | — | $46,896 | $46,896 |
| DOEREN MAYHEW GRAND RAPIDS, PLLC | ACCOUNTANT | — | $9,500 | $9,500 |
| 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: $194,656
- Estimated Expense Ratio: 0.539% 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 | $138,261 | — | $138,261 | — | — |
| 2023 | $133,727 | — | $133,727 | — | — |
| 2022 | $125,793 | — | $125,793 | — | — |