Plan Snapshot
- Plan Sponsor: Contitech Usa, INC.
- Sponsor EIN: 208832176
- Sponsor Address: 703 S. CLEVELAND MASSILLON ROAD, FAIRLAWN, OH, 44333
- Plan Type: Health & Welfare
- Plan Number: 502
- Total Participants: 539
- Total Assets: $61,062
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 | 539 | $61,062 | $338,340 | $0 |
| 2023 | 587 | $416,619 | $155,182 | $0 |
| 2022 | 607 | $422,104 | $173,885 | $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 |
|---|---|---|---|---|
| PNC BANK | Other Service Provider | $6,500 | — | $6,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $6,500
- Estimated Expense Ratio: 10.645% 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 | $6,500 | — | $6,500 | — | — |
| 2023 | $6,500 | — | $6,500 | — | — |
| 2022 | $6,500 | — | $6,500 | — | — |