Plan Snapshot
- Plan Sponsor: Avantor Funding, INC.
- Sponsor EIN: 813921566
- Sponsor Address: ONE RADNOR CORP CTR,BLDG 1,STE 200, RADNOR, PA, 190878660
- Plan Type: 401(k)
- Total Participants: 5,274
- Total Assets: $648.0M
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 | 5,274 | $648.0M | $18.6M | $36.7M |
| 2023 | 5,884 | $594.4M | $18.5M | $36.6M |
| 2022 | 6,127 | $508.2M | $18.4M | $35.4M |
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 | $427,627 | — | $427,627 |
| CAPFINANCIAL PARTNERS | INVESTMENT ADVISORY | $165,981 | $11,474 | $177,455 |
| TORRILLO & ASSOCIATES LLC | ACCOUNTANT | $27,000 | — | $27,000 |
| FAEGRE DRINKER BIDDLE | LEGAL | $12,821 | — | $12,821 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TORRILLO & ASSOCIATES LLC — ACCOUNTANT
- FAEGRE DRINKER BIDDLE — LEGAL
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $644,903
- Estimated Expense Ratio: 0.100% 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 | $636,067 | $165,981 | $427,627 | $27,000 | — |
| 2023 | $594,234 | $89,912 | $466,199 | $23,550 | — |
| 2022 | $563,805 | $117,035 | $436,770 | — | $10,000 |