Plan Snapshot
- Plan Sponsor: Ipg Photonics Corporation
- Sponsor EIN: 043444218
- Sponsor Address: 50 OLD WEBSTER ROAD, OXFORD, MA, 01540
- Plan Type: 401(k)
- Total Participants: 1,940
- Total Assets: $288.9M
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 | 1,940 | $288.9M | $5.1M | $16.7M |
| 2023 | 2,285 | $255.2M | $5.5M | $17.4M |
| 2022 | 2,177 | $212.2M | $5.5M | $17.3M |
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 |
|---|---|---|---|---|
| LEE & CROWLEY, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LEE & CROWLEY, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $43,026 | — | $600 | — | — |
| 2023 | $36,806 | — | $900 | — | — |
| 2022 | $30,907 | — | — | — | — |