Plan Snapshot
- Plan Sponsor: Plastek Industries, INC.
- Sponsor EIN: 251219548
- Sponsor Address: 2425 WEST 23RD STREET, ERIE, PA, 16506
- Plan Type: 401(k)
- Total Participants: 1,173
- Total Assets: $64.9M
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 | 1,173 | $64.9M | $1.6M | $2.6M |
| 2023 | 1,138 | $61.8M | $1.4M | $2.3M |
| 2022 | 1,051 | $57.6M | $579,449 | $2.2M |
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 |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS | RECORD KEEPER | $96,029 | — | $96,029 |
| EMPOWER ANNUNITY INSURANCE COMPANY | ADVISOR | $59,583 | — | $59,583 |
| HILL BARTH & KING, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — RECORD KEEPER
- HILL BARTH & KING, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $155,612
- Estimated Expense Ratio: 0.240% 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 | $155,612 | $59,583 | — | — | — |
| 2023 | $24,172 | — | — | — | — |
| 2022 | $59,202 | $32,310 | — | — | — |