Plan Snapshot
- Plan Sponsor: Vq, INC.
- Sponsor EIN: 383388981
- Sponsor Address: 648 S. POINT RIDGE, HOLLAND, MI, 49423
- Plan Type: 401(k)
- Total Participants: 487
- Total Assets: $11.5M
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 | 487 | $11.5M | $779,557 | $1.9M |
| 2023 | 395 | $8.7M | $683,133 | $1.7M |
| 2022 | 359 | $5.8M | $701,031 | $1.6M |
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 MAYHEW ASSURANCE | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DOEREN MAYHEW ASSURANCE — 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 | $95,040 | $25,591 | $65,643 | — | — |
| 2023 | $67,463 | $8,946 | $49,571 | — | — |
| 2022 | $47,460 | — | $36,828 | — | $10,632 |