Plan Snapshot
- Plan Sponsor: I. & M.J. Gross Company
- Sponsor EIN: 341696562
- Sponsor Address: 14300 RIDGE ROAD, NORTH ROYALTON, OH, 44133
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 408
- Total Assets: $8.1M
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. |
|---|---|---|---|---|
| 2025 | 408 | $8.1M | $0 | $0 |
| 2024 | 408 | $7.6M | $97,837 | $576,597 |
| 2023 | 270 | $6.7M | $90,090 | $503,330 |
| 2022 | 248 | $6.1M | $80,825 | $429,934 |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $24,407 | — | $24,407 |
| PNC BANK NATIONAL ASSOCIATION | Investment Advisor | $11,394 | — | $11,394 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $35,801
- Estimated Expense Ratio: 0.441% 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 |
|---|---|---|---|---|---|
| 2025 | $1,304,546 | $13,069 | — | — | — |
| 2024 | $22,185 | $8,569 | — | — | — |
| 2023 | $38,846 | $12,172 | $19,989 | — | — |
| 2022 | $30,031 | $4,243 | $24,935 | — | $853 |