Plan Snapshot
- Plan Sponsor: Tram, INC.
- Sponsor EIN: 382674223
- Sponsor Address: 47200 PORT STREET, PLYMOUTH, MI, 48170
- Plan Type: 401(k)
- Total Participants: 1,403
- Total Assets: $148.7M
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 | 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 ADVISORY | — | $125,000 | $125,000 |
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $62,593 | — | $62,593 |
| PLANTE & MORAN, PLLC | ACCOUNTANT | — | $32,891 | $32,891 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CONCURRENT INVESTMENT ADVISORS, LLC — INVESTMENT ADVISORY
- PLANTE & MORAN, PLLC — ACCOUNTANT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $220,484
- Estimated Expense Ratio: 0.148% 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 | $62,593 | — | $62,593 | — | — |
| 2023 | $65,378 | — | $65,378 | — | — |
| 2022 | $58,897 | — | $56,847 | — | $2,050 |