Plan Snapshot
- Plan Sponsor: American Leak Detection, INC.
- Sponsor EIN: 330106141
- Sponsor Address: 199 WHITNEY AVENUE, SUITE 2, NEW HAVEN, CT, 06511
- Plan Type: 401(k)
- Total Participants: 349
- Total Assets: $3.4M
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 | 349 | $3.4M | $339 | $468,771 |
| 2023 | 159 | $2.8M | $0 | $462,233 |
| 2022 | 331 | $2.1M | $0 | $417,423 |
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 |
|---|---|---|---|---|
| WILMINGTON TRUST | ADVISOR | $26,763 | — | $26,763 |
| NEWPORT GROUP, INC. | RECORDKEEPER | $18,379 | — | $18,379 |
| 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: $45,142
- Estimated Expense Ratio: 1.309% 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 | $45,142 | $26,763 | $18,379 | — | — |
| 2023 | $27,925 | $15,425 | $12,500 | — | — |
| 2022 | $1,223 | $993 | $230 | — | — |