Plan Snapshot
- Plan Sponsor: Custom Bandag, INC.
- Sponsor EIN: 222084422
- Sponsor Address: 401 EAST LINDEN AVENUE, LINDEN, NJ, 07036
- Plan Type: 401(k)
- Total Participants: 316
- Total Assets: $5.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 316 | $5.1M | $54,182 | $179,534 |
| 2023 | 377 | $4.5M | $54,044 | $180,174 |
| 2022 | 315 | $3.8M | $59,399 | $176,491 |
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 |
|---|---|---|---|---|
| GELTRUDE & COMPANY, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GELTRUDE & COMPANY, LLC — Auditor
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 | $67,299 | $31,723 | $34,276 | — | — |
| 2023 | $57,949 | $26,682 | $30,317 | — | — |
| 2022 | $54,321 | $25,039 | $28,682 | — | $600 |