Plan Snapshot
- Plan Sponsor: Austin Powder Company
- Sponsor EIN: 340077750
- Sponsor Address: 25800 SCIENCE PARK DRIVE, CLEVELAND, OH, 44122
- Plan Type: 401(k)
- Total Participants: 1,231
- Total Assets: $137.4M
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. |
|---|---|---|---|---|
| 2024 | 1,231 | $137.4M | $3.2M | $7.9M |
| 2023 | 1,237 | $132.2M | $3.0M | $7.6M |
| 2022 | 1,215 | $121.3M | $2.9M | $7.4M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $162,851 | — | $162,851 |
| ARBOR POINT ADVISORS | INVESTMENT ADVISORY | $62,162 | $39 | $62,201 |
| CBIZ INC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $225,052
- Estimated Expense Ratio: 0.164% 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 | $229,235 | $66,384 | $162,851 | — | — |
| 2023 | $272,782 | $61,067 | $211,715 | — | — |
| 2022 | $271,264 | $73,624 | $197,640 | — | — |