Plan Snapshot
- Plan Sponsor: Porter Pipe & Supply Co.
- Sponsor EIN: 363198538
- Sponsor Address: 401 S ROHLWING ROAD, ADDISON, IL, 601014209
- Plan Type: 401(k)
- Total Participants: 350
- Total Assets: $28.5M
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 | 350 | $28.5M | $1.1M | $2.2M |
| 2023 | 308 | $23.8M | $427,979 | $1.6M |
| 2022 | 277 | $18.9M | $368,706 | $1.3M |
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 |
|---|---|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH | CONSULTANT | $101,726 | $40 | $101,766 |
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $78,967 | — | $78,967 |
| SMITH & HOWARD, PC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $180,733
- Estimated Expense Ratio: 0.633% 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 | $180,693 | $50,863 | $78,967 | — | — |
| 2023 | $143,074 | $41,248 | $60,578 | — | — |
| 2022 | $132,774 | $38,929 | $54,916 | — | $38,929 |