Plan Snapshot
- Plan Sponsor: Work Skills Corporation
- Sponsor EIN: 382025701
- Sponsor Address: 100 SUMMIT ST, BRIGHTON, MI, 481162465
- Plan Type: 401(k)
- Total Participants: 395
- Total Assets: $4.1M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 395 | $4.1M | $67,516 | $286,068 |
| 2023 | 384 | $3.3M | $54,017 | $215,990 |
| 2022 | 1,710 | $3.0M | $61,320 | $177,792 |
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 |
|---|---|---|---|---|
| GLOBAL RETIREMENT PARTNERS, LLC | ADVISORY SERVICES | $17,779 | — | $17,779 |
| STANCORP FINANCIAL GROUP | RECORDKEEPER | $17,612 | — | $17,612 |
| UHY LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GLOBAL RETIREMENT PARTNERS, LLC — ADVISORY SERVICES
- STANCORP FINANCIAL GROUP — RECORDKEEPER
- UHY LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $35,391
- Estimated Expense Ratio: 0.867% 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 | $42,673 | — | $42,673 | — | — |
| 2023 | $4,177 | — | $4,177 | — | — |
| 2022 | $757 | — | — | — | — |