Plan Snapshot
- Plan Sponsor: Culver Tool & Engineering, LLC
- Sponsor EIN: 351753639
- Sponsor Address: 1901 WALTER GLAUB DRIVE, PLYMOUTH, IN, 46563
- Plan Type: 401(k)
- Total Participants: 202
- Total Assets: $7.7M
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 | 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 | $37,699 | — | $37,699 |
| EMPOWER ANNUITY INSURANCE CO. | Recordkeeper | $37,279 | — | $37,279 |
| RETIREMENT PLAN CONCEPTS & SERVICES | Other Service Provider | $5,287 | $7,300 | $12,587 |
| INSIGHT ACCOUNTING GROUP PC | Auditor | $6,900 | — | $6,900 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $6,658 | — | $6,658 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $101,123
- Estimated Expense Ratio: 1.305% 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 | $97,823 | — | $4,080 | — | — |
| 2023 | $81,303 | — | $8,374 | — | — |
| 2022 | $73,088 | — | — | — | — |