Plan Snapshot
- Plan Sponsor: Advanced Powder Products, INC.
- Sponsor EIN: 251863893
- Sponsor Address: 301 ENTERPRISE DR., PHILIPSBURG, PA, 16866
- Plan Type: 401(k)
- Total Participants: 182
- Total Assets: $4.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 182 | $4.8M | $372,088 | $284,000 |
| 2023 | 144 | $3.5M | $368,536 | $256,633 |
| 2022 | 134 | $2.3M | $280,492 | $222,224 |
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 |
|---|---|---|---|---|
| USI SECURITIES INC | Investment Advisor | $9,893 | — | $9,893 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $9,893
- Estimated Expense Ratio: 0.207% 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 | $1,092 | — | — | — | — |
| 2023 | $800 | — | — | — | — |
| 2022 | $1,000 | — | — | — | $1,000 |