Plan Snapshot
- Plan Sponsor: Empire Abrasive Equipment Co., L.P.
- Sponsor EIN: 232670697
- Sponsor Address: 2101 W CABOT BLVD, LANGHORNE, PA, 19047
- Plan Type: 401(k)
- Total Participants: 136
- Total Assets: $20.3M
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 | 136 | $20.3M | $290,247 | $918,959 |
| 2023 | 178 | $17.3M | $244,127 | $727,582 |
| 2022 | 135 | $15.3M | $240,712 | $713,724 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $58,238 | — | $58,238 |
| MML INVESTORS SERVICES LLC | Investment Advisor | $36,665 | — | $36,665 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $94,903
- Estimated Expense Ratio: 0.467% 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 | $96,515 | $38,277 | — | — | — |
| 2023 | $82,390 | $31,651 | $50,739 | — | — |
| 2022 | $52,285 | $33,636 | $18,424 | — | — |