Plan Snapshot
- Plan Sponsor: Sunmed LLC
- Sponsor EIN: 263700043
- Sponsor Address: 2710 NORTHRIDGE DR NW, STE. A, GRAND RAPIDS, MI, 49544
- Plan Type: DC
- Total Participants: 566
- Total Assets: $39.5M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 566 | $39.5M | $2.2M | $4.5M |
| 2023 | 550 | $30.4M | $1.3M | $2.6M |
| 2022 | 393 | $17.7M | $988,362 | $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 |
|---|---|---|---|---|
| JOHN HANCOCK LIFE INSURANCE COMPANY | RECORDKEEPER | $69,903 | — | $69,903 |
| SAGEVIEW ADVISORS | RETAINED BY PLAN SPONSOR | $35,000 | — | $35,000 |
| SIKICH CPA, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK LIFE INSURANCE COMPANY — RECORDKEEPER
- SAGEVIEW ADVISORS — RETAINED BY PLAN SPONSOR
- SIKICH CPA, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $104,903
- Estimated Expense Ratio: 0.266% 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 | $104,903 | $41,721 | $63,182 | — | — |
| 2023 | $75,838 | $36,148 | $39,690 | — | — |
| 2022 | $60,186 | $25,128 | $35,058 | — | — |