Plan Snapshot
- Plan Sponsor: Climax Portable Machine Tools, INC.
- Sponsor EIN: 930553883
- Sponsor Address: 2712 E. SECOND STREET, NEWBERG, OR, 97132
- Plan Type: 401(k)
- Total Participants: 0
- Total Assets: $0
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 0 | $0 | $263,913 | $862,730 |
| 2023 | 139 | $16.3M | $288,379 | $893,956 |
| 2022 | 130 | $13.6M | $241,403 | $716,289 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $78,202 | — | $78,202 |
| GEFFEN MESHER AND CO., P.C. | Auditor | $72,000 | — | $72,000 |
| WELLS FARGO ADVISORS LLC | Investment Advisor | $70,064 | — | $70,064 |
| PENSION PLAN SPECIALISTS | Recordkeeper | $20,404 | $10,000 | $30,404 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $22,570 | — | $22,570 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $273,240
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 | $150,566 | $69,498 | $55,067 | $21,125 | — |
| 2023 | $131,482 | $46,317 | $46,863 | $36,000 | — |
| 2022 | $96,233 | $45,350 | $46,203 | — | $3,000 |