Plan Snapshot
- Plan Sponsor: Picut Industries, INC.
- Sponsor EIN: 223146919
- Sponsor Address: 443 NORTH AVE, GARWOOD, NJ, 07027
- Plan Type: 401(k)
- Total Participants: 380
- Total Assets: $39.9M
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 | 380 | $39.9M | $877,718 | $2.0M |
| 2023 | 352 | $35.5M | $827,608 | $1.8M |
| 2022 | 329 | $30.2M | $759,938 | $1.7M |
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 |
|---|---|---|---|---|
| ONEDIGITAL INVESTMENT ADVISORS LLC | ADVISOR | $74,151 | — | $74,151 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $44,617 | — | $44,617 |
| LILLING & COMPANY LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ONEDIGITAL INVESTMENT ADVISORS LLC — ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- LILLING & COMPANY LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $118,768
- Estimated Expense Ratio: 0.298% 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 | $118,768 | $74,151 | — | — | — |
| 2023 | $130,257 | $67,265 | — | $21,340 | — |
| 2022 | $9,703 | — | — | — | — |