Plan Snapshot
- Plan Sponsor: Peerless Technologies Corporation
- Sponsor EIN: 364353581
- Sponsor Address: 2300 NATIONAL ROAD, FAIRBORN, OH, 45324
- Plan Type: 401(k)
- Total Participants: 395
- Total Assets: $31.7M
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 | 395 | $31.7M | $1.3M | $3.0M |
| 2023 | 419 | $29.7M | $1.4M | $3.2M |
| 2022 | 467 | $26.6M | $1.5M | $3.5M |
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 |
|---|---|---|---|---|
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $65,692 | — | $65,692 |
| ANDERSON FINANCIAL STRATEGIES, LLC | INVESTMENT ADVISOR | $65,605 | — | $65,605 |
| EMPOWER ANNUITY INS CO OF AMERICA | RECORDKEEPER | $62,879 | — | $62,879 |
| BENEFIT SOLUTIONS ETC, LTD | CONTRACT ADMIN | $10,280 | — | $10,280 |
| HAMMERMAN, GRAF, HUGHES & CO | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $204,456
- Estimated Expense Ratio: 0.646% 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 | $203,248 | — | $21,016 | — | — |
| 2023 | $206,332 | — | $24,729 | $3,860 | — |
| 2022 | $180,799 | $165,971 | $14,828 | — | — |