Plan Snapshot
- Plan Sponsor: Vector North America, INC.
- Sponsor EIN: 383351209
- Sponsor Address: 39500 ORCHARD HILL PLACE, NOVI, MI, 48375
- Plan Type: 401(k)
- Total Participants: 156
- Total Assets: $60.6M
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 | 156 | $60.6M | $1.1M | $2.4M |
| 2023 | 166 | $49.7M | $1.1M | $2.3M |
| 2022 | 146 | $38.9M | $883,677 | $1.9M |
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 |
|---|---|---|---|---|
| DOEREN MAYHEWASSURANCE | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DOEREN MAYHEWASSURANCE — Auditor
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 | $9,035 | $8,685 | — | — | — |
| 2023 | $7,657 | $7,357 | — | — | — |
| 2022 | $5,149 | $4,924 | — | — | — |