Plan Snapshot
- Plan Sponsor: Npk Construction Equipment, INC.
- Sponsor EIN: 341482090
- Sponsor Address: 7550 INDEPENDENCE DR, WALTON HILLS, OH, 44146
- Plan Type: 401(k)
- Total Participants: 235
- Total Assets: $31.0M
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 | 235 | $31.0M | $1.7M | $1.6M |
| 2023 | 223 | $26.4M | $1.8M | $1.7M |
| 2022 | 241 | $24.6M | $2.2M | $1.6M |
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 |
|---|---|---|---|---|
| VALMARK ADVISERS, INC. | Investment Advisor | $40,000 | — | $40,000 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $38,892 | — | $38,892 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $78,892
- Estimated Expense Ratio: 0.254% 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 | $91,446 | $40,000 | — | — | — |
| 2023 | $89,722 | $50,153 | $39,414 | — | — |
| 2022 | $132,487 | $48,490 | $83,472 | — | — |