Plan Snapshot
- Plan Sponsor: Park Ohio Industries INC
- Sponsor EIN: 346520107
- Sponsor Address: 6065 PARKLAND BLVD, CLEVELAND, OH, 44124
- Plan Type: DB
- Total Participants: 1,961
- Total Assets: $158.8M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,961 | $158.8M | $0 | $0 |
| 2023 | 2,548 | $151.4M | $0 | $0 |
| 2022 | 2,622 | $137.0M | $0 | $0 |
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 |
|---|---|---|---|---|
| WILLIS TOWERS WATSON US LLC | NONE | $295,407 | — | $295,407 |
| CLEARSTEAD ADVISORS LLC | NONE | $137,290 | — | $137,290 |
| GAMCO ASSET MANAGEMENT INC | NONE | $106,847 | — | $106,847 |
| KEY BANK | CUSTODIAN | $100,357 | — | $100,357 |
| CHARLES SCHWAB & CO., INC. | CUSTODIAN | $87,188 | — | $87,188 |
| BOYD WATTERSON ASSET MGT LLC | NONE | $54,067 | — | $54,067 |
| EMPOWER | CUSTODIAN | $36,716 | — | $36,716 |
| US BANK NATIONAL ASSOCIATION | TRUSTEE | $33,638 | — | $33,638 |
| BOBER MARKEY FEDOROVICH | NONE | $18,000 | — | $18,000 |
| SQUIRE PATTON BOGGS (US) LLP | NONE | $8,190 | — | $8,190 |
| MARCELLA E. GRIFFIN | NONE | $5,100 | — | $5,100 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON US LLC — NONE
- CHARLES SCHWAB & CO., INC. — CUSTODIAN
- EMPOWER — CUSTODIAN
- US BANK NATIONAL ASSOCIATION — TRUSTEE
- BOBER MARKEY FEDOROVICH — NONE
- SQUIRE PATTON BOGGS (US) LLP — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $882,800
- Estimated Expense Ratio: 0.556% 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 | $1,517,691 | $385,392 | — | $18,000 | — |
| 2023 | $1,134,738 | $413,527 | — | $17,978 | — |
| 2022 | $1,221,027 | — | — | — | $1,221,027 |