Plan Snapshot
- Plan Sponsor: The Shyft Group, INC.
- Sponsor EIN: 382078923
- Sponsor Address: 41280 BRIDGE ST, NOVI, MI, 48375
- Plan Type: 401(k)
- Total Participants: 2,523
- Total Assets: $109.2M
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 | 2,523 | $109.2M | $3.0M | $10.0M |
| 2023 | 2,400 | $92.1M | $2.8M | $9.9M |
| 2022 | 3,227 | $77.4M | $2.7M | $8.8M |
| 2019 | 2,262 | $105.9M | $0 | $0 |
| 2018 | 1,969 | $85.5M | $0 | $0 |
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 | $146,152 | — | $146,152 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $25,592 | — | $25,592 |
| MORGAN STANLEY GRAYSTONE CONSULTIN | PLAN ADMINISTRATOR | $25,000 | — | $25,000 |
| RSM US LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
- MORGAN STANLEY GRAYSTONE CONSULTIN — PLAN ADMINISTRATOR
- RSM US LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $196,744
- Estimated Expense Ratio: 0.180% 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 | $196,744 | $50,592 | — | — | — |
| 2023 | $164,357 | $33,017 | — | $29,663 | — |
| 2022 | $133,869 | $31,355 | — | — | — |
| 2019 | $49,221 | $57,030 | — | — | — |
| 2018 | $66,142 | $46,754 | — | — | — |