Plan Snapshot
- Plan Sponsor: Eaton Corporation
- Sponsor EIN: 340196300
- Sponsor Address: 1000 EATON BOULEVARD, CLEVELAND, OH, 44122
- Plan Type: 401(k)
- Total Participants: 3,435
- Total Assets: $225.0M
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 | 3,435 | $225.0M | $4.2M | $11.3M |
| 2023 | 3,343 | $206.6M | $3.7M | $10.5M |
| 2022 | 3,303 | $185.6M | $3.3M | $9.9M |
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 INST OP CO | RECORDKEEPER | $91,221 | — | $91,221 |
| MEADEN & MOORE LTD | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INST OP CO — RECORDKEEPER
- MEADEN & MOORE LTD — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $91,221
- Estimated Expense Ratio: 0.041% 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 | $95,190 | $3,969 | — | — | — |
| 2023 | $96,257 | $4,305 | — | — | — |
| 2022 | $104,250 | — | — | — | — |