Plan Snapshot
- Plan Sponsor: Verplank Family Holding Company
- Sponsor EIN: 383546912
- Sponsor Address: 705 W 2ND STREET, FERRYSBURG, MI, 49409
- Plan Type: 401(k)
- Total Participants: 122
- Total Assets: $10.1M
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 | 122 | $10.1M | $596,523 | $502,402 |
| 2023 | 121 | $8.7M | $563,428 | $427,987 |
| 2022 | 116 | $6.9M | $467,951 | $346,065 |
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 |
|---|---|---|---|---|
| REHMANN ROBSON LLC | Auditor | — | — | $0 |
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 | $39,016 | — | $39,016 | — | — |
| 2023 | $31,002 | — | $31,002 | — | — |
| 2022 | $30,351 | — | $30,351 | — | — |