Plan Snapshot
- Plan Sponsor: Atlas Copco North America LLC
- Sponsor EIN: 205024915
- Sponsor Address: 6 CENTURY DRIVE SUITE 310, PARSIPPANY, NJ, 07054
- Plan Type: 401(k)
- Total Participants: 8,055
- Total Assets: $1.1B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 8,055 | $1.1B | $42.9M | $58.5M |
| 2023 | 6,827 | $970.5M | $39.7M | $52.1M |
| 2022 | 6,235 | $769.2M | $34.3M | $45.4M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $638,782 | — | $638,782 |
| COHNREZNICK LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $638,782
- Estimated Expense Ratio: 0.057% 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 | $615,714 | — | — | — | — |
| 2023 | $584,608 | — | $573,086 | — | — |
| 2022 | $481,777 | — | $471,276 | — | — |