Plan Snapshot
- Plan Sponsor: Best Cutting Die Company
- Sponsor EIN: 363464695
- Sponsor Address: 8080 MCCORMICK BLVD., SKOKIE, IL, 60076
- Plan Type: 401(k)
- Total Participants: 59
- Total Assets: $9.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 59 | $9.8M | $0 | $212,690 |
| 2023 | 120 | $9.5M | $0 | $260,763 |
| 2022 | 109 | $11.7M | $0 | $252,446 |
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 |
|---|---|---|---|---|
| WEISS & COMPANY LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $902,856 | — | $20,061 | — | — |
| 2023 | $3,804,368 | — | $33,965 | — | — |
| 2022 | $34,696 | — | — | — | — |