Plan Snapshot
- Plan Sponsor: Foam Seal, INC.
- Sponsor EIN: 341218686
- Sponsor Address: 5109 HAMILTON AVE, CLEVELAND, OH, 44114
- Plan Type: 401(k)
- Total Participants: 125
- Total Assets: $6.9M
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 | 125 | $6.9M | $384,354 | $769,829 |
| 2023 | 133 | $7.9M | $341,628 | $694,128 |
| 2022 | 147 | $6.8M | $360,404 | $746,556 |
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 |
|---|---|---|---|---|
| MEADEN & MOORE | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MEADEN & MOORE — 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 | $52,644 | $27,449 | — | — | — |
| 2023 | $48,500 | $25,106 | — | — | — |
| 2022 | $45,310 | $24,330 | $20,980 | — | — |