Plan Snapshot
- Plan Sponsor: Talon Group, LLC
- Sponsor EIN: 260846887
- Sponsor Address: 18530 MACK AVE., GROSSE POINTE, MI, 482363254
- Plan Type: 401(k)
- Total Participants: 138
- Total Assets: $15.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 138 | $15.0M | $234,536 | $615,409 |
| 2023 | 94 | $12.8M | $196,659 | $540,815 |
| 2022 | 99 | $10.9M | $195,337 | $534,217 |
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 |
|---|---|---|---|---|
| PLANTE & MORAN, PLLC | Auditor | $25,300 | — | $25,300 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PLANTE & MORAN, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $25,300
- Estimated Expense Ratio: 0.169% 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 | $93,727 | $42,876 | — | $25,300 | — |
| 2023 | $58,998 | $14,981 | — | — | — |
| 2022 | $88,823 | $5,549 | — | — | — |