Plan Snapshot
- Plan Sponsor: Classic Wire Cut Company INC
- Sponsor EIN: 953983302
- Sponsor Address: 28210 CONSTELLATION RD, VALENCIA, CA, 913555000
- Plan Type: 401(k)
- Total Participants: 126
- Total Assets: $17.9M
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 | 126 | $17.9M | $208,500 | $736,386 |
| 2023 | 133 | $15.8M | $224,113 | $790,083 |
| 2022 | 131 | $13.6M | $232,412 | $889,166 |
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 | CONTRACT ADMINISTRATOR | $80,162 | — | $80,162 |
| WORLD INVESTMENT ADVISORS, LLC | INVESTMENT ADVISORY | $27,932 | $23,605 | $51,537 |
| HEDMAN PARTNERS LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HEDMAN PARTNERS LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $131,699
- Estimated Expense Ratio: 0.737% 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 | $108,094 | $27,932 | $80,162 | — | — |
| 2023 | $82,561 | $45,887 | $36,674 | — | — |
| 2022 | $78,023 | $39,782 | $38,241 | — | — |