Plan Snapshot
- Plan Sponsor: Vandyk Mortgage Corporation
- Sponsor EIN: 382749215
- Sponsor Address: 2449 CAMELOT CT SE, GRAND RAPIDS, MI, 495466001
- Plan Type: 401(k)
- Total Participants: 251
- Total Assets: $18.3M
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 | 251 | $18.3M | $142,169 | $1.3M |
| 2023 | 276 | $17.3M | $129,390 | $1.7M |
| 2022 | 379 | $14.6M | $308,619 | $2.5M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $20,653 | — | $20,653 |
| ROCKEFELLER FINANCIAL | INVESTMENT ADVISORY | $17,597 | $21 | $17,618 |
| MONROE,SWEERIS & TROMP P | ACCOUNTANT | $7,300 | — | $7,300 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MONROE,SWEERIS & TROMP P — ACCOUNTANT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $45,571
- Estimated Expense Ratio: 0.249% 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 | $56,280 | $17,597 | $31,383 | $7,300 | — |
| 2023 | $94,750 | — | — | — | — |
| 2022 | $87,915 | — | — | — | — |