Plan Snapshot
- Plan Sponsor: Thrifty Retail Services, LLC
- Sponsor EIN: 273469063
- Sponsor Address: 4695 HELENA DR SW, GRANDVILLE, MI, 49418
- Plan Type: 401(k)
- Total Participants: 1,580
- Total Assets: $24.0M
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 | 1,580 | $24.0M | $543,288 | $1.6M |
| 2023 | 1,566 | $20.4M | $479,210 | $1.4M |
| 2022 | 1,213 | $16.7M | $458,580 | $1.2M |
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 |
|---|---|---|---|---|
| ALERUS FINANCIAL, N.A. | RECORDKEEPER | $33,046 | — | $33,046 |
| HUNGERFORD | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALERUS FINANCIAL, N.A. — RECORDKEEPER
- HUNGERFORD — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $33,046
- Estimated Expense Ratio: 0.138% 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 | $89,463 | $52,348 | $24,703 | — | — |
| 2023 | $82,607 | $53,294 | — | — | — |
| 2022 | $83,538 | $53,435 | — | — | — |