Plan Snapshot
- Plan Sponsor: Tapper'S Fine Jewelry, INC.
- Sponsor EIN: 382149120
- Sponsor Address: 6337 ORCHARD LAKE ROAD, WEST BLOOMFIELD, MI, 48322
- Plan Type: 401(k)
- Total Participants: 165
- Total Assets: $10.4M
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 | 165 | $10.4M | $118,917 | $748,460 |
| 2023 | 154 | $8.7M | $94,844 | $674,662 |
| 2022 | 137 | $8.1M | $101,711 | $647,390 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $52,813 | — | $52,813 |
| SECURITIES AMERICA, INC. | Investment Advisor | — | $16,091 | $16,091 |
| GREAT LAKES PENSION ASSOCIATES, INC | Recordkeeper | — | $9,376 | $9,376 |
| OSAIC WEALTH INC. | Investment Advisor | — | $6,997 | $6,997 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $85,277
- Estimated Expense Ratio: 0.819% 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 | $59,615 | — | — | — | — |
| 2023 | $51,716 | — | — | — | — |
| 2022 | $53,330 | — | $53,330 | — | — |