Plan Snapshot
- Plan Sponsor: Betts Industries, INC.
- Sponsor EIN: 250928077
- Sponsor Address: 1800 PENNSYLVANIA AVENUE, WEST, WARREN, PA, 16365
- Plan Type: 401(k)
- Total Participants: 296
- Total Assets: $48.9M
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. |
|---|---|---|---|---|
| 2025 | 296 | $48.9M | $0 | $0 |
| 2024 | 285 | $46.4M | $0 | $0 |
| 2023 | 272 | $37.9M | $0 | $0 |
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 |
|---|---|---|---|---|
| SCHAFFNER, KNIGHT, MINNAUGH & CO. | Auditor | $11,924 | — | $11,924 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $11,924
- Estimated Expense Ratio: 0.024% 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 |
|---|---|---|---|---|---|
| 2025 | $127,042 | $105,852 | $600 | $11,924 | — |
| 2024 | $91,371 | $86,795 | — | — | — |
| 2023 | $87,259 | — | — | — | — |