Plan Snapshot
- Plan Sponsor: Akron Polymer Products, INC.
- Sponsor EIN: 341529799
- Sponsor Address: 1471 EXETER ROAD, AKRON, OH, 44306
- Plan Type: 401(k)
- Total Participants: 358
- Total Assets: $6.5M
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 | 358 | $6.5M | $280,577 | $427,747 |
| 2023 | 347 | $4.5M | $269,691 | $394,794 |
| 2022 | 312 | $3.5M | $291,446 | $433,120 |
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 |
|---|---|---|---|---|
| CBIZ CPAS P.C. | 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 | $39,113 | $1,046 | $38,067 | — | — |
| 2023 | $30,397 | $772 | $29,625 | — | — |
| 2022 | $12,211 | $170 | $10,331 | — | $1,710 |