Plan Snapshot
- Plan Sponsor: United Bank Of Michigan
- Sponsor EIN: 381151910
- Sponsor Address: 900 E PARIS AVE SE, GRAND RAPIDS, MI, 495463676
- Plan Type: 401(k)
- Total Participants: 161
- Total Assets: $22.7M
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 | 161 | $22.7M | $539,487 | $1.2M |
| 2023 | 160 | $19.9M | $520,708 | $1.1M |
| 2022 | 163 | $16.1M | $523,637 | $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 |
|---|---|---|---|---|
| VANDERPLOEG, BERGAKKER & ASSOCIATES | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $46,170 | — | $44,220 | — | — |
| 2023 | $44,854 | — | $44,854 | — | — |
| 2022 | $45,608 | — | $45,608 | — | — |