Plan Snapshot
- Plan Sponsor: System 2/90, INC.
- Sponsor EIN: 382242437
- Sponsor Address: 5350 CORPORATE GROVE DRIVE, SE, GRAND RAPIDS, MI, 49512
- Plan Type: 401(k)
- Total Participants: 65
- Total Assets: $10.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 65 | $10.8M | $160,933 | $228,923 |
| 2023 | 63 | $8.8M | $273,212 | $301,013 |
| 2022 | 56 | $9.0M | $365,020 | $211,894 |
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 |
|---|---|---|---|---|
| LINCOLN NATIONAL CORPORATION | Recordkeeper | $36,316 | — | $36,316 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LINCOLN NATIONAL CORPORATION — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $36,316
- Estimated Expense Ratio: 0.335% 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 | $410,371 | — | $36,491 | — | — |
| 2023 | $746,741 | — | $31,232 | — | — |
| 2022 | $1,359,399 | — | $30,665 | — | — |