Plan Snapshot
- Plan Sponsor: Ferragon Corporation
- Sponsor EIN: 341384033
- Sponsor Address: 11103 MEMPHIS AVENUE, BROOKLYN, OH, 44144
- Plan Type: 401(k)
- Total Participants: 181
- Total Assets: $13.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 181 | $13.6M | $296,614 | $840,378 |
| 2023 | 196 | $12.0M | $314,593 | $840,318 |
| 2022 | 202 | $10.2M | $280,755 | $768,373 |
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 |
|---|---|---|---|---|
| COHEN & COMPANY, LTD. | Auditor | — | — | $0 |
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 | $41,113 | $25,775 | $14,938 | — | — |
| 2023 | $56,182 | $26,551 | $29,631 | — | — |
| 2022 | $55,791 | $27,216 | $28,575 | — | — |