Plan Snapshot
- Plan Sponsor: Ford Gum & Machine Company
- Sponsor EIN: 160436120
- Sponsor Address: 18 NEWTON AVENUE, AKRON, NY, 14001
- Plan Type: 401(k)
- Total Participants: 97
- Total Assets: $9.2M
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 | 97 | $9.2M | $178,237 | $534,198 |
| 2023 | 99 | $8.5M | $106,031 | $414,166 |
| 2022 | 109 | $8.7M | $127,748 | $479,275 |
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 |
|---|---|---|---|---|
| JGD ASSOCIATES LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JGD ASSOCIATES LLP — 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 | $5,712 | $1,487 | — | — | — |
| 2023 | $2,427,240 | — | $5,741 | — | — |
| 2022 | $3,006,524 | — | $6,109 | — | — |