Plan Snapshot
- Plan Sponsor: Cutters, INC.
- Sponsor EIN: 363081382
- Sponsor Address: 515 NORTH STATE STREET, 25TH FLOOR, CHICAGO, IL, 60654
- Plan Type: 401(k)
- Total Participants: 100
- Total Assets: $23.7M
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 | 100 | $23.7M | $123,817 | $1.2M |
| 2023 | 101 | $23.2M | $132,073 | $1.1M |
| 2022 | 95 | $20.8M | $134,042 | $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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $14,707 | — | $14,707 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $7,033 | — | $7,033 |
| DUGAN & LOPATKA CPAS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $21,740
- Estimated Expense Ratio: 0.092% 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 | $21,740 | $7,033 | — | — | — |
| 2023 | $22,694 | $8,719 | — | — | — |
| 2022 | $362,445 | — | $29,648 | — | — |