Plan Snapshot
- Plan Sponsor: Fres-Co System Usa INC.
- Sponsor EIN: 232056204
- Sponsor Address: 3005 STATE ROAD, TELFORD, PA, 18969
- Plan Type: 401(k)
- Total Participants: 380
- Total Assets: $55.5M
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 | 380 | $55.5M | $996,503 | $1.9M |
| 2023 | 411 | $55.6M | $1.2M | $2.1M |
| 2022 | 480 | $49.9M | $1.2M | $2.2M |
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 |
|---|---|---|---|---|
| NEWPORT GROUP, INC. | RECORDKEEPER | $57,439 | — | $57,439 |
| PNC INSTITUTIONAL ASSET MANAGEMENT | ADVISOR | $41,381 | — | $41,381 |
| CBIZ CPAS P.C. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $98,820
- Estimated Expense Ratio: 0.178% 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 | $98,820 | $41,381 | $57,439 | — | — |
| 2023 | $84,978 | $37,678 | $47,300 | — | — |
| 2022 | $104,390 | $16,638 | $80,557 | — | $7,195 |