Plan Snapshot
- Plan Sponsor: National Inventors Hall Of Fame, INC.
- Sponsor EIN: 341580038
- Sponsor Address: 3701 HIGHLAND PARK NW, NORTH CANTON, OH, 44720
- Plan Type: 401(k)
- Total Participants: 224
- Total Assets: $11.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 224 | $11.7M | $339,682 | $718,012 |
| 2023 | 233 | $9.7M | $301,573 | $640,698 |
| 2022 | 203 | $8.3M | $258,260 | $548,289 |
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 |
|---|---|---|---|---|
| CBIZ BENEFITS & INSURANCE | THIRD PARTY ADMIN | — | $5,140 | $5,140 |
| CITRIN COOPERMAN & COMPANY LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $5,140
- Estimated Expense Ratio: 0.044% 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 | $4,971 | $2,846 | $2,075 | — | — |
| 2023 | $5,183 | $1,883 | $2,775 | — | — |
| 2022 | $3,643 | — | $3,643 | — | — |