Plan Snapshot
- Plan Sponsor: Talon Group, LLC
- Sponsor EIN: 260846887
- Sponsor Address: 18530 MACK AVE., GROSSE POINTE, MI, 482363254
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 173
- Total Assets: $17.1M
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. |
|---|---|---|---|---|
| 2025 | 173 | $17.1M | $0 | $0 |
| 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 | $44,500 | — | $44,500 |
| CAPFINANCIAL PARTNERS LLC | Investment Advisor | $36,596 | — | $36,596 |
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $24,376 | — | $24,376 |
| STRATEGIC ADVISORS, INC. | Investment Advisor | $7,964 | — | $7,964 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $113,436
- Estimated Expense Ratio: 0.664% 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 |
|---|---|---|---|---|---|
| 2025 | $1,355,548 | $44,560 | — | $44,500 | — |
| 2024 | $93,727 | $42,876 | — | $25,300 | — |
| 2023 | $58,998 | $14,981 | — | — | — |
| 2022 | $88,823 | $5,549 | — | — | — |