Plan Snapshot
- Plan Sponsor: Culver Tool & Engineering, LLC
- Sponsor EIN: 351753639
- Sponsor Address: 1901 WALTER GLAUB DRIVE, PLYMOUTH, IN, 46563
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 250
- Total Assets: $10.5M
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. |
|---|---|---|---|---|
| 2025 | 250 | $10.5M | $0 | $0 |
| 2024 | 202 | $7.7M | $358,930 | $748,435 |
| 2023 | 206 | $7.0M | $344,023 | $704,998 |
| 2022 | 214 | $5.7M | $302,554 | $655,914 |
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 |
|---|---|---|---|---|
| COMMONWEALTH EQUITY SERVICES | Investment Advisor | $45,225 | — | $45,225 |
| EMPOWER ANNUITY INSURANCE CO. | Recordkeeper | $41,036 | — | $41,036 |
| KRUGGEL, LAWTON & COMPANY, LLC | Auditor | $18,072 | — | $18,072 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $11,537 | — | $11,537 |
| RETIREMENT PLAN CONCEPTS & SERVICES | Other Service Provider | $2,219 | $8,877 | $11,096 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $126,966
- Estimated Expense Ratio: 1.210% 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 |
|---|---|---|---|---|---|
| 2025 | $578,444 | — | — | $18,072 | — |
| 2024 | $97,823 | — | $4,080 | — | — |
| 2023 | $81,303 | — | $8,374 | — | — |
| 2022 | $73,088 | — | — | — | — |