Plan Snapshot
- Plan Sponsor: Panolam Industries International
- Sponsor EIN: 522064043
- Sponsor Address: 2 CORPORATE DRIVE, STE. 946, SHELTON, CT, 06484
- Plan Type: 401(k)
- Total Participants: 411
- Total Assets: $38.2M
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 | 411 | $38.2M | $418,639 | $1.5M |
| 2023 | 401 | $35.4M | $428,514 | $1.5M |
| 2022 | 433 | $31.7M | $409,434 | $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 |
|---|---|---|---|---|
| BEERS, HAMERMAN, COHEN AND BURGER | Auditor | — | — | $0 |
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 | $65,334 | $65,334 | — | — | — |
| 2023 | $58,603 | $58,603 | — | — | — |
| 2022 | $75,229 | $61,271 | $13,958 | — | — |