Plan Snapshot
- Plan Sponsor: Fortec Medical, INC.
- Sponsor EIN: 341662721
- Sponsor Address: 6245 HUDSON CROSSING PARKWAY, HUDSON, OH, 44236
- Plan Type: 401(k)
- Total Participants: 810
- Total Assets: $59.3M
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 | 810 | $59.3M | $2.8M | $4.2M |
| 2023 | 638 | $48.5M | $1.9M | $3.1M |
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 |
|---|---|---|---|---|
| VOYA RETIREMENT INSURANCE & ANNUITY | RECORDKEEPER | $45,282 | — | $45,282 |
| VOYA RETIREMENT ADVISORS, LLC | SERVICE PROVIDER | $9,927 | — | $9,927 |
| EQUITABLE ADVISORS LLC | SERVICE PROVIDER | — | $9,315 | $9,315 |
| MORNINGSTAR | SERVICE PROVIDER | — | $8,048 | $8,048 |
| D'AMICO WAWRIN & COMPANY CPAS, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORNINGSTAR — SERVICE PROVIDER
- D'AMICO WAWRIN & COMPANY CPAS, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $72,572
- Estimated Expense Ratio: 0.122% of plan assets
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 | $45,282 | $13,133 | $26,800 | — | — |
| 2023 | $29,245 | $8,345 | $18,400 | — | — |