Plan Snapshot
- Plan Sponsor: Tiara Yachts, INC.
- Sponsor EIN: 382040714
- Sponsor Address: 725 EAST 40TH STREET, HOLLAND, MI, 49423
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 573
- Total Assets: $2,828
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 573 | $2,828 | $4.6M | $1.2M |
| 2023 | 553 | $101,117 | $4.0M | $1.2M |
| 2022 | 538 | $1,900 | $3.3M | $1.1M |
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 |
|---|---|---|---|---|
| PRIORITY HEALTH | Recordkeeper | $362,127 | — | $362,127 |
| HEALTHBAR LLC | Other Service Provider | $52,517 | — | $52,517 |
| DELTA DENTAL OF MICHIGAN | Recordkeeper | $25,330 | — | $25,330 |
| HEALTH PLAN ADVOCATE | Insurance Carrier | $17,903 | — | $17,903 |
| HUNGERFORD CPAS + ADVISORS | Auditor | $15,250 | — | $15,250 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HUNGERFORD CPAS + ADVISORS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $473,127
- Estimated Expense Ratio: 16730.092% 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 | $477,154 | — | $409,387 | $15,250 | — |
| 2023 | $414,599 | — | $399,849 | $14,750 | — |
| 2022 | $362,879 | — | $349,469 | — | $13,410 |