Plan Snapshot
- Plan Sponsor: Polamer Precision INC
- Sponsor EIN: 061497200
- Sponsor Address: 105 ALTON BROOKS WAY, NEW BRITAIN, CT, 060533359
- Plan Type: 401(k)
- Total Participants: 197
- Total Assets: $8.9M
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 | 197 | $8.9M | $460,737 | $728,951 |
| 2023 | 174 | $7.2M | $91,987 | $597,073 |
| 2022 | 156 | $6.5M | $21,881 | $141,434 |
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 |
|---|---|---|---|---|
| CBIZ CPAS P.C. | 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 | $39,774 | $20,465 | $18,449 | — | — |
| 2023 | $24,162 | $7,063 | $16,239 | — | — |
| 2022 | $102 | — | $102 | — | — |