Plan Snapshot
- Plan Sponsor: Trustees Of Michiana Area Elec Workers' Money Purchase Plan
- Sponsor EIN: 351861971
- Sponsor Address: 6525 CENTURION DRIVE, LANSING, MI, 48917
- Plan Type: DC
- Total Participants: 1,389
- Total Assets: $123.5M
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 | 1,389 | $123.5M | $7.1M | $0 |
| 2023 | 782 | $110.2M | $6.6M | $0 |
| 2022 | 1,017 | $96.4M | $6.4M | $0 |
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 ANNUITY INSURANCE COMPANY | NONE | $60,242 | — | $60,242 |
| GRAYSTONE CONSULTING | NONE | $47,373 | — | $47,373 |
| EMPOWER ADVISOR GROUP, LLC | NONE | $36,118 | — | $36,118 |
| TIC MIDWEST | NONE | $18,838 | — | $18,838 |
| MAY, OBERFELL, LORBER | NONE | $17,689 | — | $17,689 |
| LEDBETTER PARISI, LLC | NONE | $15,582 | — | $15,582 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $195,842
- Estimated Expense Ratio: 0.159% 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 | $175,251 | $47,373 | $8,136 | $11,400 | — |
| 2023 | $152,728 | $41,298 | $7,090 | $10,300 | — |
| 2022 | $140,641 | $37,627 | $6,974 | — | $42,307 |