Plan Snapshot
- Plan Sponsor: Drummond Press INC
- Sponsor EIN: 590773377
- Sponsor Address: 2472 DENNIS ST, JACKSONVILLE, FL, 322041757
- Plan Type: 401(k)
- Total Participants: 200
- Total Assets: $10.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 200 | $10.0M | -$16,267 | $774,783 |
| 2023 | 206 | $8.6M | $54,050 | $772,063 |
| 2022 | 207 | $7.3M | $0 | $823,162 |
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 |
|---|---|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER | INVESTMENT ADVISORY PLAN | $22,120 | — | $22,120 |
| PAYCHEX, INC. | RECORDKEEPER | $21,745 | — | $21,745 |
| HALLOWELL 401(K) ASSURANCE LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PAYCHEX, INC. — RECORDKEEPER
- HALLOWELL 401(K) ASSURANCE LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $43,865
- Estimated Expense Ratio: 0.439% 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 | $44,765 | $22,120 | $21,685 | — | — |
| 2023 | $40,722 | $20,118 | $20,604 | — | — |
| 2022 | $41,044 | $19,422 | $18,822 | — | — |