Plan Snapshot
- Plan Sponsor: Suburban Employee Services, LLC
- Sponsor EIN: 383444754
- Sponsor Address: 249 PIERCE STREET, BIRMINGHAM, MI, 48009
- Plan Type: 401(k)
- Total Participants: 941
- Total Assets: $61.7M
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 | 941 | $61.7M | $831,518 | $3.7M |
| 2023 | 909 | $62.3M | $858,237 | $3.3M |
| 2022 | 806 | $54.4M | $706,255 | $3.1M |
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 |
|---|---|---|---|---|
| NEWPORT GROUP, INC. | RECORDKEEPER | $194,956 | — | $194,956 |
| GREGORY J. SCHWARTZ & CO., INC. | ADVISOR | $143,480 | — | $143,480 |
| CROWE, LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $338,436
- Estimated Expense Ratio: 0.549% 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 | $338,436 | $143,480 | $89,798 | — | — |
| 2023 | $304,998 | $132,534 | $68,610 | — | — |
| 2022 | $349,317 | $139,960 | $209,357 | — | — |