Plan Snapshot
- Plan Sponsor: Ball Chain Manufacturing Company, INC.
- Sponsor EIN: 131696763
- Sponsor Address: 741 SOUTH FULTON AVE, MOUNT VERNON, NY, 10550
- Plan Type: 401(k)
- Total Participants: 73
- Total Assets: $7.7M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 73 | $7.7M | $177,293 | $242,735 |
| 2023 | 76 | $6.6M | $179,514 | $242,147 |
| 2022 | 81 | $5.6M | $190,944 | $248,229 |
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 |
|---|---|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH | Investment Advisor | $40,474 | — | $40,474 |
| EMPOWER LIFE & ANNUITY INS CO OF NY | Recordkeeper | $20,553 | — | $20,553 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $61,027
- Estimated Expense Ratio: 0.795% 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 | $60,999 | $40,446 | — | — | — |
| 2023 | $51,767 | $34,340 | — | — | — |
| 2022 | $52,120 | $34,292 | $17,828 | — | — |