Plan Snapshot
- Plan Sponsor: Norac Usa Corporation
- Sponsor EIN: 473590232
- Sponsor Address: 4300 E. BRADEN BLVD., EASTON, PA, 18040
- Plan Type: 401(k)
- Total Participants: 303
- Total Assets: $2.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 303 | $2.7M | $211,280 | $406,040 |
| 2023 | 366 | $1.6M | $181,655 | $354,022 |
| 2022 | 283 | $1.0M | $103,033 | $276,375 |
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 |
|---|---|---|---|---|
| RKL LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RKL LLP — 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 | $13,351 | — | $13,351 | — | — |
| 2023 | $9,317 | — | $2,620 | — | — |
| 2022 | $6,104 | — | $6,104 | — | — |