Plan Snapshot
- Plan Sponsor: Nifco America Corporation
- Sponsor EIN: 311464402
- Sponsor Address: 8015 DOVE PARKWAY, CANAL WNCHSTR, OH, 43110
- Plan Type: 401(k)
- Total Participants: 1,090
- Total Assets: $45.2M
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 | 1,090 | $45.2M | $1.1M | $3.6M |
| 2023 | 1,298 | $39.5M | $1.0M | $3.1M |
| 2022 | 1,138 | $32.6M | $930,513 | $2.9M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $56,916 | — | $56,916 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $19,247 | — | $19,247 |
| GBQ PARTNERS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
- GBQ PARTNERS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $76,163
- Estimated Expense Ratio: 0.169% 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 | $76,163 | $19,247 | — | — | — |
| 2023 | $71,175 | $19,236 | — | — | — |
| 2022 | $82,070 | $18,273 | — | — | — |