Plan Snapshot
- Plan Sponsor: The Farbman Group
- Sponsor EIN: 382143548
- Sponsor Address: 31700 MIDDLEBELT ROAD, FARMINGTON HILLS, MI, 48334
- Plan Type: 401(k)
- Total Participants: 148
- Total Assets: $12.7M
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 | 148 | $12.7M | $80,931 | $935,789 |
| 2023 | 106 | $10.8M | $69,819 | $797,396 |
| 2022 | 114 | $9.1M | $52,302 | $779,249 |
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 |
|---|---|---|---|---|
| PURSHE KAPLAN STERLING INV | ADVISOR | — | $28,163 | $28,163 |
| PLANTE & MORAN, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PURSHE KAPLAN STERLING INV — ADVISOR
- PLANTE & MORAN, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $28,163
- Estimated Expense Ratio: 0.223% 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 | -$8,479 | — | — | — | — |
| 2023 | -$6,800 | — | — | — | — |
| 2022 | $700 | — | — | — | — |