# The Farbman Group 401(k) Plan
Source: https://planprovider.pro/companies/the-farbman-group-401k-plan

> The Farbman Group's 401(k) plan: 148 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/fortem-financial-group-llc) — ADVISOR

- [PLANTE & MORAN, PLLC](https://planprovider.pro/provider/plante-and-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|—|—|—|—|

## Similar Plans

- [Oakland Management Corp](https://planprovider.pro/companies/oakland-management-corp-401k-plan) — 1,005 participants

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