Plan Snapshot
- Plan Sponsor: Verdier Eye Center PLC
- Sponsor EIN: 382581336
- Sponsor Address: 1000 E PARIS S.E., GRAND RAPIDS, MI, 49546
- Plan Type: 401(k)
- Total Participants: 88
- Total Assets: $13.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 88 | $13.7M | $268,739 | $259,020 |
| 2023 | 85 | $11.1M | $247,089 | $221,047 |
| 2022 | 133 | $9.2M | $229,432 | $207,055 |
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 |
|---|---|---|---|---|
| MERRILL, LYNCH | BROKER | $11,121 | — | $11,121 |
| HUNGERFORD | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HUNGERFORD — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $11,121
- Estimated Expense Ratio: 0.081% 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 | $11,121 | — | $11,121 | — | — |
| 2023 | $12,149 | — | $12,149 | — | — |
| 2022 | — | — | — | — | — |