Plan Snapshot
- Plan Sponsor: Thi, INC.
- Sponsor EIN: 383049421
- Sponsor Address: 900 CLANCY AVE NE, GRAND RAPIDS, MI, 49503
- Plan Type: 401(k)
- Total Participants: 138
- Total Assets: $13.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 138 | $13.6M | $267,698 | $432,108 |
| 2023 | 157 | $12.1M | $275,710 | $429,998 |
| 2022 | 154 | $10.3M | $267,836 | $427,112 |
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 |
|---|---|---|---|---|
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $30,273 | — | $30,273 |
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $26,355 | — | $26,355 |
| FIFTH THIRD BANK RETIREMENT SERVICE | INVESTMENT ADVISOR | $15,928 | — | $15,928 |
| MONROE SWEERIS & TROMP, PLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MONROE SWEERIS & TROMP, PLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $72,556
- Estimated Expense Ratio: 0.535% 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 | $56,370 | — | — | — | — |
| 2023 | $53,395 | — | — | — | — |
| 2022 | $48,401 | — | — | — | — |