Plan Snapshot
- Plan Sponsor: The Fourmidable Group, INC.
- Sponsor EIN: 382072583
- Sponsor Address: 32500 TELEGRAPH ROAD, BINGHAM FARMS, MI, 48025
- Plan Type: 401(k)
- Total Participants: 179
- Total Assets: $6.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 179 | $6.2M | $192,701 | $567,017 |
| 2023 | 162 | $5.2M | $182,589 | $514,350 |
| 2022 | 182 | $4.3M | $176,583 | $497,812 |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $39,674 | — | $39,674 |
| DAHRING CUSMANO AND ASSOCIATES | ADVISOR | $13,272 | — | $13,272 |
| GODRON ADVISORS, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- GODRON ADVISORS, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $52,946
- Estimated Expense Ratio: 0.853% 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 | $52,946 | $13,272 | — | — | — |
| 2023 | $44,178 | $11,004 | — | — | — |
| 2022 | $44,344 | — | — | — | — |