Plan Snapshot
- Plan Sponsor: Cortec Precision Sheetmetal
- Sponsor EIN: 770315369
- Sponsor Address: 2231 WILL WOOL DRIVE, SAN JOSE, CA, 95112
- Plan Type: 401(k)
- Total Participants: 391
- Total Assets: $8.6M
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 | 391 | $8.6M | $304,976 | $1.0M |
| 2023 | 409 | $7.2M | $258,420 | $823,916 |
| 2022 | 526 | $5.9M | $315,063 | $999,439 |
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 |
|---|---|---|---|---|
| CHEK TAN AND COMPANY LLP | 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 | $9,603 | — | — | — | — |
| 2023 | $7,170 | — | — | — | — |
| 2022 | $5,020 | — | — | — | — |