Plan Snapshot
- Plan Sponsor: Van Andel Research Institute
- Sponsor EIN: 522000823
- Sponsor Address: 333 BOSTWICK AVE NE, GRAND RAPIDS, MI, 49503
- Plan Type: 401(k)
- Total Participants: 506
- Total Assets: $115.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 506 | $115.3M | $4.7M | $3.9M |
| 2023 | 495 | $99.0M | $4.4M | $3.8M |
| 2022 | 476 | $79.4M | $3.9M | $3.3M |
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 O | RECORDKEEPER | $115,774 | — | $115,774 |
| MIDWEST CAPITAL ADVISORS LLC | INVESTMENT ADVISOR | $51,013 | — | $51,013 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $37,463 | — | $37,463 |
| PLANTE & MORAN PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MIDWEST CAPITAL ADVISORS LLC — INVESTMENT ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $204,250
- Estimated Expense Ratio: 0.177% 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 | $204,250 | $88,476 | — | — | — |
| 2023 | $166,355 | $72,817 | — | — | — |
| 2022 | $165,241 | — | $165,241 | — | — |