# Ferragon Corporation 401(k) Plan
Source: https://planprovider.pro/companies/ferragon-corporation-401k-plan

> Ferragon Corporation&#39;s 401(k) plan: 181 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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