Plan Snapshot
- Plan Sponsor: Carpenter Technology Corporation
- Sponsor EIN: 230458500
- Sponsor Address: PO BOX 14662, READING, PA, 196124662
- Plan Type: Health & Welfare
- Plan Number: 509
- Total Participants: 0
- Total Assets: $141.3M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 0 | $141.3M | $679,360 | $0 |
| 2023 | 0 | $124.2M | $490,489 | $0 |
| 2022 | 0 | $112.2M | $496,000 | $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 |
|---|---|---|---|---|
| PRUDENTIAL LIFE INSURANCE | Recordkeeper | $2,632,977 | — | $2,632,977 |
| WILLIS TOWERS WATSON US LLC | Recordkeeper | $196,815 | — | $196,815 |
| WEX | Other Service Provider | $60,496 | — | $60,496 |
| SCHNEIDERS DOWNS & CO., INC. | Auditor | $39,305 | — | $39,305 |
| JP MORGAN CHASE BANK, NA | Recordkeeper | $16,500 | — | $16,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PRUDENTIAL LIFE INSURANCE — Recordkeeper
- WILLIS TOWERS WATSON US LLC — Recordkeeper
- SCHNEIDERS DOWNS & CO., INC. — Auditor
- JP MORGAN CHASE BANK, NA — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,946,093
- Estimated Expense Ratio: 2.085% 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 | $5,420,997 | $133,005 | — | $31,690 | — |
| 2023 | $5,957,330 | $184,295 | — | $43,150 | — |
| 2022 | $3,953,000 | $187,000 | — | — | $2,258,000 |