# Classic Wire Cut Company INC 401(k) Plan
Source: https://planprovider.pro/companies/classic-wire-cut-company-inc-401k-plan

> Classic Wire Cut Company INC's 401(k) plan: 126 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|—|—|

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