Plan Snapshot
- Plan Sponsor: Wright Plastic Products Co., LLC
- Sponsor EIN: 341843009
- Sponsor Address: 201 CONDENSERY RD., SHERIDAN, MI, 488849654
- Plan Type: 401(k)
- Total Participants: 154
- Total Assets: $5.4M
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 | 154 | $5.4M | $115,997 | $282,925 |
| 2023 | 151 | $5.3M | $114,894 | $274,625 |
| 2022 | 142 | $4.6M | $123,612 | $310,390 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $46,781 | — | $46,781 |
| PRINCIPAL SECURITIES INC | OTHER SERVICES | — | $7,823 | $7,823 |
| 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: $54,604
- Estimated Expense Ratio: 1.004% 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 | $46,781 | — | $46,781 | — | — |
| 2023 | $40,385 | — | $40,385 | — | — |
| 2022 | $41,051 | — | $41,051 | — | — |