Plan Snapshot
- Plan Sponsor: Thai Summit America Corporation
- Sponsor EIN: 382617507
- Sponsor Address: 1480 W. MCPHERSON PARK DR., HOWELL, MI, 48843
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 879
- Total Assets: $56.0M
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 | 879 | $56.0M | $987,785 | $3.2M |
| 2023 | 947 | $62.8M | $977,768 | $3.3M |
| 2022 | 920 | $56.4M | $902,872 | $3.1M |
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 |
|---|---|---|---|---|
| SENTINEL BENEFITS GROUP, INC. | Recordkeeper | $165,702 | — | $165,702 |
| SENTINEL PENSION ADVISORS | Recordkeeper | $64,643 | — | $64,643 |
| FIDELITY TRUST COMPANY | Other Service Provider | $21,690 | — | $21,690 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SENTINEL BENEFITS GROUP, INC. — Recordkeeper
- SENTINEL PENSION ADVISORS — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $252,035
- Estimated Expense Ratio: 0.450% 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 | $255,035 | $67,643 | — | — | — |
| 2023 | $214,036 | $65,673 | — | — | — |
| 2022 | $187,704 | $63,760 | — | — | $123,944 |