Plan Snapshot
- Plan Sponsor: Nor-Am, INC.
- Sponsor EIN: 421472573
- Sponsor Address: 801 6TH STREET SOUTHWEST, LE MARS, IA, 51031
- Plan Type: 401(k)
- Total Participants: 516
- Total Assets: $13.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 516 | $13.9M | $636,558 | $1.1M |
| 2023 | 482 | $11.2M | $550,491 | $1.0M |
| 2022 | 375 | $8.3M | $514,437 | $941,001 |
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 |
|---|---|---|---|---|
| SANTI & ASSOCIATES, PC | Auditor | — | — | $0 |
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 | $117,666 | — | $117,666 | — | — |
| 2023 | $85,165 | $1,908 | $3,195 | — | — |
| 2022 | $69,961 | — | — | — | — |