Plan Snapshot
- Plan Sponsor: The Ave Maria Foundation
- Sponsor EIN: 382514364
- Sponsor Address: ONE AVE MARIA DRIVE, ANN ARBOR, MI, 481060373
- Plan Type: 401(k)
- Total Participants: 720
- Total Assets: $27.0M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 720 | $27.0M | $790,650 | $1.4M |
| 2023 | 556 | $24.2M | $566,639 | $1.3M |
| 2022 | 130 | $20.1M | $318,671 | $663,366 |
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 |
|---|---|---|---|---|
| MYLER & SZCZYPKA, P.C. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $87,279 | $52,264 | $31,579 | — | — |
| 2023 | $89,818 | $44,621 | $18,180 | — | — |
| 2022 | $79,737 | $22,580 | $41,845 | — | $15,312 |