Plan Snapshot
- Plan Sponsor: Akron Foundry Company, INC.
- Sponsor EIN: 341045266
- Sponsor Address: 2728 WINGATE AVE., AKRON, OH, 44314
- Plan Type: 401(k)
- Total Participants: 175
- Total Assets: $4.5M
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 | 175 | $4.5M | $73,052 | $232,631 |
| 2023 | 159 | $4.0M | $61,914 | $216,300 |
| 2022 | 163 | $3.7M | $30,916 | $195,777 |
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 |
|---|---|---|---|---|
| DONOVAN, KLIMCZAK & CO | 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 | $1,250 | — | — | — | — |
| 2023 | $2,750 | — | — | — | — |
| 2022 | $3,350 | — | — | — | $3,350 |