Plan Snapshot
- Plan Sponsor: Orafol Americas INC.
- Sponsor EIN: 352237537
- Sponsor Address: 120 DARLING DRIVE, AVON, CT, 06001
- Plan Type: 401(k)
- Total Participants: 827
- Total Assets: $88.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 827 | $88.9M | $2.0M | $3.8M |
| 2023 | 385 | $50.9M | $1.0M | $2.0M |
| 2022 | 394 | $44.6M | $1.0M | $2.0M |
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 |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | ADVISOR | $24,475 | — | $24,475 |
| HLB GROSS COLLINS, P.C. | ACCOUNTANT/AUDITOR | $15,945 | — | $15,945 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $5,544 | — | $5,544 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — ADVISOR
- HLB GROSS COLLINS, P.C. — ACCOUNTANT/AUDITOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $45,964
- Estimated Expense Ratio: 0.052% 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 | $48,622 | $24,475 | — | $15,945 | — |
| 2023 | $34,330 | $13,189 | — | $14,923 | — |
| 2022 | $26,982 | $8,339 | — | — | — |