Plan Snapshot
- Plan Sponsor: Buyers Products Company
- Sponsor EIN: 341000414
- Sponsor Address: 9049 TYLER BOULEVARD, MENTOR, OH, 44060
- Plan Type: DC
- Total Participants: 872
- Total Assets: $100.9M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 872 | $100.9M | $8.4M | $0 |
| 2023 | 689 | $90.3M | $8.1M | $0 |
| 2022 | 761 | $80.7M | $8.0M | $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 |
|---|---|---|---|---|
| JOHNSON INVESTMENT COUNSEL | NONE | $278,101 | — | $278,101 |
| ONEAMERICA RETIREMENT SERVICES, LLC | NONE | $49,775 | — | $49,775 |
| MALONEY & NOVOTNY LLC | NONE | $13,985 | — | $13,985 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MALONEY & NOVOTNY LLC — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $341,861
- Estimated Expense Ratio: 0.339% 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 | $341,861 | $278,101 | — | $13,985 | — |
| 2023 | $306,455 | $246,689 | — | $13,600 | — |
| 2022 | $267,099 | $227,134 | — | — | $39,965 |