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: 561
- Total Assets: $22.6M
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 | 561 | $22.6M | $0 | $2.0M |
| 2023 | 543 | $20.5M | $0 | $1.7M |
| 2022 | 478 | $16.8M | $0 | $1.4M |
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 |
|---|---|---|---|---|
| GLOBAL RETIREMENT PARTNERS, LLC | INVESTMENT ADVISOR | $8,000 | — | $8,000 |
| TRANSAMERICA RETIREMENT SOLUTIONS | RECORD KEEPER | $7,938 | — | $7,938 |
| PLANTE & MORAN PLLC | AUDITOR | $6,790 | — | $6,790 |
| PLANTE & MORAN, PLLC | Auditor | $6,790 | — | $6,790 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GLOBAL RETIREMENT PARTNERS, LLC — INVESTMENT ADVISOR
- TRANSAMERICA RETIREMENT SOLUTIONS — RECORD KEEPER
- PLANTE & MORAN PLLC — AUDITOR
- PLANTE & MORAN, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $29,518
- Estimated Expense Ratio: 0.131% 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 | $22,728 | $8,000 | — | $6,790 | — |
| 2023 | $20,275 | $8,000 | — | $6,660 | — |
| 2022 | $37,947 | $7,333 | — | — | $6,525 |