Plan Snapshot
- Plan Sponsor: Industrial Sales & Manufacturing, INC.
- Sponsor EIN: 251491876
- Sponsor Address: 2609 WEST 12TH STREET, ERIE, PA, 16505
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 144
- Total Assets: $21.9M
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 | 144 | $21.9M | $245,282 | $452,123 |
| 2023 | 125 | $20.5M | $266,031 | $434,497 |
| 2022 | 129 | $17.4M | $253,650 | $393,774 |
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 |
|---|---|---|---|---|
| LPL FINANCIAL RPCP | Other Service Provider | $31,719 | — | $31,719 |
| THE VANGUARD GROUP, INC. | Other Service Provider | $14,819 | — | $14,819 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $46,538
- Estimated Expense Ratio: 0.213% 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 | $46,538 | $31,719 | $14,819 | — | — |
| 2023 | $43,885 | $27,005 | $16,880 | — | — |
| 2022 | $41,218 | $25,269 | $15,949 | — | — |