Plan Snapshot
- Plan Sponsor: The Spiratex Company
- Sponsor EIN: 381859432
- Sponsor Address: 6333 COGSWELL ST, ROMULUS, MI, 481744039
- Plan Type: 401(k)
- Total Participants: 122
- Total Assets: $30.2M
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 | 122 | $30.2M | $734,999 | $676,345 |
| 2023 | 120 | $28.2M | $800,000 | $611,246 |
| 2022 | 113 | $26.8M | $900,000 | $591,895 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $79,962 | — | $79,962 |
| AMERIPRISE FINANCIAL SERVICES INC | OTHER SERVICES | — | $6,431 | $6,431 |
| LPL FINANCIAL LLC | OTHER SERVICES | — | $6,278 | $6,278 |
| WIPFLI, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- AMERIPRISE FINANCIAL SERVICES INC — OTHER SERVICES
- LPL FINANCIAL LLC — OTHER SERVICES
- WIPFLI, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $92,671
- Estimated Expense Ratio: 0.307% 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 | $79,963 | — | $79,963 | — | — |
| 2023 | $76,025 | — | $76,025 | — | — |
| 2022 | $78,255 | — | $78,255 | — | — |