Plan Snapshot
- Plan Sponsor: Ceramtec North America LLC
- Sponsor EIN: 521708698
- Sponsor Address: ONE TECHNOLOGY PLACE, LAURENS, SC, 29360
- Plan Type: 401(k)
- Total Participants: 297
- Total Assets: $32.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 297 | $32.0M | $2.2M | $1.4M |
| 2023 | 298 | $28.6M | $2.2M | $1.4M |
| 2022 | 275 | $23.2M | $2.0M | $1.3M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $67,310 | — | $67,310 |
| NOVA 401K ASSOCIATES | Recordkeeper | $250 | $11,233 | $11,483 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $78,793
- Estimated Expense Ratio: 0.246% 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 | $67,561 | — | $67,561 | — | — |
| 2023 | $61,648 | — | $61,648 | — | — |
| 2022 | $51,939 | — | $51,939 | — | — |