Plan Snapshot
- Plan Sponsor: Fortune Metal Group INC.
- Sponsor EIN: 050502730
- Sponsor Address: 900 LEESVILLE AVENUE, RAHWAY, NJ, 07065
- Plan Type: 401(k)
- Total Participants: 267
- Total Assets: $17.5M
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 | 267 | $17.5M | $355,685 | $910,854 |
| 2023 | 288 | $14.4M | $346,418 | $946,110 |
| 2022 | 262 | $10.9M | $292,980 | $772,998 |
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 |
|---|---|---|---|---|
| SIMIONE MACCA & LARROW LLP | 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 | $58,624 | $40,222 | — | — | — |
| 2023 | $53,753 | $37,044 | — | — | — |
| 2022 | $53,977 | — | — | — | — |