Plan Snapshot
- Plan Sponsor: Cornwell Quality Tools Company
- Sponsor EIN: 340165010
- Sponsor Address: 667 SEVILLE RD., WADSWORTH, OH, 442811077
- Plan Type: 401(k)
- Total Participants: 327
- Total Assets: $12.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 327 | $12.9M | $9,523 | $1.3M |
| 2023 | 314 | $11.8M | $0 | $1.1M |
| 2022 | 297 | $10.6M | $0 | $1.1M |
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 |
|---|---|---|---|---|
| COHEN & COMPANY, LTD | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $46,688 | $7,127 | $39,561 | — | — |
| 2023 | $145,916 | $8,163 | $137,753 | — | — |
| 2022 | $57,479 | — | $57,479 | — | — |