Plan Snapshot
- Plan Sponsor: Functional Devices, INC.
- Sponsor EIN: 351161515
- Sponsor Address: 101 COMMERCE DRIVE, SHARPSVILLE, IN, 46068
- Plan Type: 401(k)
- Total Participants: 153
- Total Assets: $5.9M
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 | 153 | $5.9M | $282,159 | $489,575 |
| 2023 | 159 | $5.0M | $261,971 | $426,542 |
| 2022 | 170 | $3.9M | $239,088 | $385,140 |
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 |
|---|---|---|---|---|
| CARON & BLETZER PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CARON & BLETZER PLLC — 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 | $48,835 | $26,856 | $21,979 | — | — |
| 2023 | $41,355 | — | $41,355 | — | — |
| 2022 | $37,800 | $18,965 | $18,835 | — | — |