Plan Snapshot
- Plan Sponsor: Igus Bearings, INC.
- Sponsor EIN: 050419384
- Sponsor Address: 257 FERRIS AVENUE, EAST PROVIDENCE, RI, 02916
- Plan Type: DC
- Total Participants: 505
- Total Assets: $34.5M
Key Plan Design Features
- Auto-Enrollment: No
- 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. |
|---|---|---|---|---|
| 2024 | 505 | $34.5M | $869,406 | $2.0M |
| 2023 | 466 | $29.1M | $800,255 | $2.0M |
| 2022 | 407 | $24.8M | $785,134 | $2.3M |
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 |
|---|---|---|---|---|
| OSAIC WEALTH INC | ADVISOR | — | $56,727 | $56,727 |
| DISANTO PRIEST AND CO. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- OSAIC WEALTH INC — ADVISOR
- DISANTO PRIEST AND CO. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $56,727
- Estimated Expense Ratio: 0.164% 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 | $8,827 | — | — | — | — |
| 2023 | $5,644 | — | — | — | — |
| 2022 | $4,550 | — | — | — | — |