Plan Snapshot
- Plan Sponsor: Eaton Corporation
- Sponsor EIN: 340196300
- Sponsor Address: 1000 EATON BOULEVARD, CLEVELAND, OH, 44122
- Plan Type: DB
- Total Participants: 7,799
- Total Assets: $2.4B
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 7,799 | $2.4B | $0 | $260,081 |
| 2023 | 8,410 | $2.6B | $0 | $281,585 |
| 2022 | 8,916 | $2.6B | $0 | $275,463 |
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 MANAGEMENT TRUST COMPANY | Other Service Provider | $2,705,426 | — | $2,705,426 |
| EATON CORPORATION | PLAN SPONSOR | $532,191 | — | $532,191 |
| BUCK GLOBAL, LLC | Other Service Provider | $149,945 | — | $149,945 |
| TRANSAMERICA RETIREMENT SOLUTIONS | Other Service Provider | $57,800 | — | $57,800 |
| BURKE GROUP | Other Service Provider | $28,359 | — | $28,359 |
| WILLIS TOWERS WATSON | Other Service Provider | $22,000 | — | $22,000 |
| MEADEN & MOORE, LTD | Other Service Provider | $21,450 | — | $21,450 |
| COMPASS ONE | Other Service Provider | $8,160 | — | $8,160 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — Other Service Provider
- WILLIS TOWERS WATSON — Other Service Provider
- MEADEN & MOORE, LTD — Other Service Provider
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,525,331
- Estimated Expense Ratio: 0.144% 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 | $16,243,545 | — | $2,799,745 | $21,450 | — |
| 2023 | $17,828,635 | — | $2,936,176 | $27,650 | — |
| 2022 | $8,345,661 | — | $3,047,761 | — | $816,500 |