# The Shyft Group, INC. 401(k) Plan
Source: https://planprovider.pro/companies/the-shyft-group-inc-401k-plan

> The Shyft Group, INC.'s 401(k) plan: 2,523 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/fidelity-investments) — RECORDKEEPER

- [STRATEGIC ADVISORS, INC.](https://planprovider.pro/provider/creative-planning) — ADVISOR

- [MORGAN STANLEY GRAYSTONE CONSULTIN](https://planprovider.pro/provider/jp-morgan-asset-management) — PLAN ADMINISTRATOR

- [RSM US LLP](https://planprovider.pro/provider/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|—|—|—|

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