Plan Snapshot
- Plan Sponsor: Tram, INC.
- Sponsor EIN: 382674223
- Sponsor Address: 47200 PORT STREET, PLYMOUTH, MI, 48170
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 1,652
- Total Assets: $164.1M
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. |
|---|---|---|---|---|
| 2025 | 1,652 | $164.1M | $0 | $0 |
| 2024 | 1,403 | $148.7M | $3.9M | $8.5M |
| 2023 | 1,520 | $134.4M | $3.9M | $8.0M |
| 2022 | 1,520 | $117.6M | $3.8M | $7.4M |
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 |
|---|---|---|---|---|
| CONCURRENT INVESTMENT ADVISORS, LLC | Investment Advisor | — | $125,000 | $125,000 |
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $51,949 | — | $51,949 |
| PLANTE AND MORAN PLLC | Other Service Provider | $8,914 | $21,799 | $30,713 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $207,662
- Estimated Expense Ratio: 0.127% 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 |
|---|---|---|---|---|---|
| 2025 | $15,600,138 | — | $53,451 | $7,412 | — |
| 2024 | $62,593 | — | $62,593 | — | — |
| 2023 | $65,378 | — | $65,378 | — | — |
| 2022 | $58,897 | — | $56,847 | — | $2,050 |