Plan Snapshot
- Plan Sponsor: Equity Resources, INC
- Sponsor EIN: 311401378
- Sponsor Address: 25 1/2 S PARK PLACE, NEWARK, OH, 43055
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 220
- Total Assets: $27.5M
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. |
|---|---|---|---|---|
| 2025 | 220 | $27.5M | $0 | $0 |
| 2024 | 191 | $23.3M | $0 | $1.3M |
| 2023 | 209 | $21.2M | $0 | $1.2M |
| 2022 | 247 | $19.1M | $549,835 | $1.6M |
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 |
|---|---|---|---|---|
| MORGAN STANLEY CAPITAL PRODUCTS LLC | Investment Advisor | $69,347 | — | $69,347 |
| FIDELITY INVESTMENTS INST OPERATION | Recordkeeper | $20,132 | — | $20,132 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $89,479
- Estimated Expense Ratio: 0.325% 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 |
|---|---|---|---|---|---|
| 2025 | $1,416,401 | $1,747 | — | — | — |
| 2024 | $84,075 | $530 | — | — | — |
| 2023 | $104,361 | — | — | — | — |
| 2022 | $106,185 | — | — | — | $106,185 |