Plan Snapshot
- Plan Sponsor: Global Tungsten & Powders LLC
- Sponsor EIN: 770720929
- Sponsor Address: 1 HAWES ST, TOWANDA, PA, 188482134
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 459
- Total Assets: $98.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 459 | $98.9M | $1.2M | $2.8M |
| 2023 | 457 | $91.3M | $1.2M | $2.9M |
| 2022 | 493 | $85.7M | $1.1M | $2.7M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $217,048 | — | $217,048 |
| CAP FINANCIAL PARTNERS LLC | Other Service Provider | — | $50,000 | $50,000 |
| FREEDMAXICK CPAS | Other Service Provider | — | $36,075 | $36,075 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $303,123
- Estimated Expense Ratio: 0.306% 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 | $217,048 | — | $217,048 | — | — |
| 2023 | $194,805 | — | $194,805 | — | — |
| 2022 | $181,496 | — | $181,496 | — | — |