Plan Snapshot
- Plan Sponsor: Fallsway Equipment Co. INC.
- Sponsor EIN: 340905407
- Sponsor Address: PO BOX 4537, AKRON, OH, 443100537
- Plan Type: 401(k)
- Total Participants: 173
- Total Assets: $13.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 173 | $13.9M | $376,535 | $856,431 |
| 2023 | 173 | $14.9M | $341,682 | $781,703 |
| 2022 | 163 | $13.1M | $233,492 | $654,749 |
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 CO | Recordkeeper | $24,113 | — | $24,113 |
| CBIZ BENEFITS & INS SERVICES INC | Other Service Provider | $15,714 | — | $15,714 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $39,827
- Estimated Expense Ratio: 0.287% 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 | $37,267 | — | — | — | — |
| 2023 | $32,438 | — | — | — | — |
| 2022 | $30,086 | — | $30,086 | — | — |