Plan Snapshot
- Plan Sponsor: Independent Can Company
- Sponsor EIN: 520902777
- Sponsor Address: 1300 BRASS MILL ROAD, BELCAMP, MD, 21017
- Plan Type: 401(k)
- Total Participants: 334
- Total Assets: $40.1M
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 | 334 | $40.1M | $948,093 | $1.7M |
| 2023 | 382 | $40.4M | $959,622 | $1.8M |
| 2022 | 434 | $36.5M | $1.0M | $1.9M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $68,593 | — | $68,593 |
| GREENSPRING ADVISORS LLC | INVESTMENT ADVISOR | $49,228 | — | $49,228 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $22,211 | — | $22,211 |
| BD & COMPANY INC | AUDITOR | $9,000 | — | $9,000 |
| BD & COMPANY, INC | Auditor | $9,000 | — | $9,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BD & COMPANY, INC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $158,032
- Estimated Expense Ratio: 0.394% 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 | $149,032 | $71,439 | — | $9,000 | — |
| 2023 | $128,919 | $58,387 | — | $8,700 | — |
| 2022 | $133,957 | $59,448 | $61,209 | — | $13,300 |