Plan Snapshot
- Plan Sponsor: Ohio Machinery Co.
- Sponsor EIN: 340672363
- Sponsor Address: 3993 E ROYALTON RD, BROADVIEW HEIGHTS, OH, 44147
- Plan Type: 401(k)
- Total Participants: 1,181
- Total Assets: $138.6M
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 | 1,181 | $138.6M | $3.1M | $8.3M |
| 2023 | 1,227 | $127.6M | $3.1M | $8.0M |
| 2022 | 1,104 | $105.7M | $3.7M | $6.8M |
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 |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS | RECORD KEEPER | $45,274 | — | $45,274 |
| GLOBAL RETIREMENT PARTNERS, LLC | INVESTMENT ADVISOR | $37,000 | — | $37,000 |
| PLANTE & MORAN, PLLC | AUDITOR | $6,790 | — | $6,790 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — RECORD KEEPER
- GLOBAL RETIREMENT PARTNERS, LLC — INVESTMENT ADVISOR
- PLANTE & MORAN, PLLC — AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $89,064
- Estimated Expense Ratio: 0.064% 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 | $89,064 | $37,000 | — | $6,790 | — |
| 2023 | $74,924 | $37,000 | — | $6,660 | — |
| 2022 | $141,357 | $33,917 | — | — | $6,525 |