Plan Snapshot
- Plan Sponsor: Applied Industrial Technologies, INC.
- Sponsor EIN: 340117420
- Sponsor Address: ONE APPLIED PLAZA, CLEVELAND, OH, 44115
- Plan Type: 401(k)
- Plan Number: 003
- Total Participants: 6,525
- Total Assets: $935.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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. |
|---|---|---|---|---|
| 2025 | 6,525 | $935.9M | $0 | $0 |
| 2024 | 4,925 | $862.3M | $5.9M | $32.8M |
| 2023 | 5,010 | $774.4M | $10.2M | $32.5M |
| 2022 | 4,785 | $641.4M | $9.3M | $29.3M |
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 |
|---|---|---|---|---|
| SCHWAB RETIREMENT PLAN SERVICES,INC | Other Service Provider | $218,213 | — | $218,213 |
| UBS FINANCIAL SERVICES INC | Other Service Provider | $60,000 | — | $60,000 |
| BOBER MARKEY FEDOROVICH & COMPANY | Other Service Provider | $40,000 | — | $40,000 |
| CHARLES SCHWAB & CO., INC. | Other Service Provider | $12,614 | — | $12,614 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $330,827
- Estimated Expense Ratio: 0.035% 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 |
|---|---|---|---|---|---|
| 2025 | $100,312,296 | $60,000 | — | $40,000 | — |
| 2024 | $621,378 | $74,636 | $496,309 | $45,500 | — |
| 2023 | $565,026 | $59,882 | $457,238 | $44,915 | — |
| 2022 | $623,547 | $61,738 | $517,087 | — | $44,722 |