Plan Snapshot
- Plan Sponsor: Faxon Machining, INC.
- Sponsor EIN: 311054769
- Sponsor Address: 11101 ADWOOD DR, CINCINNATI, OH, 452403235
- Plan Type: 401(k)
- Total Participants: 141
- Total Assets: $8.9M
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 | 141 | $8.9M | $223,466 | $811,178 |
| 2023 | 124 | $7.5M | $163,169 | $709,440 |
| 2022 | 120 | $5.7M | $149,415 | $643,530 |
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 |
|---|---|---|---|---|
| BARNES DENNIG & CO., LTD. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BARNES DENNIG & CO., LTD. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $28,385 | $22,469 | $5,916 | — | — |
| 2023 | $24,612 | $17,956 | $6,656 | — | — |
| 2022 | $16,395 | — | $16,395 | — | — |