Plan Snapshot
- Plan Sponsor: V.E.C (Usa), INC.
- Sponsor EIN: 382892156
- Sponsor Address: 650 IONIA AVE SW, GRAND RAPIDS, MI, 49503
- Plan Type: 401(k)
- Total Participants: 618
- Total Assets: $40.4M
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 | 618 | $40.4M | $943,639 | $3.0M |
| 2023 | 552 | $34.5M | $902,880 | $2.7M |
| 2022 | 521 | $28.0M | $869,286 | $2.6M |
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 |
|---|---|---|---|---|
| RAYMOND JAMES & ASSOCIATES INC | INVESTMENT ADVISOR | $62,213 | — | $62,213 |
| PLANTE & MORAN PLLC | AUDITOR | $9,500 | — | $9,500 |
| PLANTE MORAN | Auditor | $9,500 | — | $9,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PLANTE MORAN — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $81,213
- Estimated Expense Ratio: 0.201% 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 | $78,291 | $62,213 | — | $9,500 | — |
| 2023 | $60,242 | $49,704 | — | $10,000 | — |
| 2022 | $54,050 | — | $57,989 | — | — |