Plan Snapshot
- Plan Sponsor: Ideal Clamp Products, INC.
- Sponsor EIN: 621051193
- Sponsor Address: 8100 TRIDON DRIVE, SMYRNA, TN, 37167
- Plan Type: 401(k)
- Total Participants: 704
- Total Assets: $50.3M
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 | 704 | $50.3M | $1.7M | $3.0M |
| 2023 | 691 | $43.9M | $1.6M | $2.8M |
| 2022 | 747 | $38.2M | $1.7M | $2.8M |
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 |
|---|---|---|---|---|
| TRI-AD ACTUARIES, INC. | Other Service Provider | $99,244 | — | $99,244 |
| TRI-AD CAPITAL MANAGEMENT, INC. | Other Service Provider | $23,468 | — | $23,468 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $122,712
- Estimated Expense Ratio: 0.244% 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 | $122,712 | — | $99,244 | — | — |
| 2023 | $119,555 | — | $99,770 | — | — |
| 2022 | $120,435 | — | $100,293 | — | $20,142 |