Plan Snapshot
- Plan Sponsor: Presrite Corporation
- Sponsor EIN: 341292480
- Sponsor Address: 3665 EAST 78TH STREET, CLEVELAND, OH, 44105
- Plan Type: 401(k)
- Total Participants: 350
- Total Assets: $30.3M
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 | $30.3M | $202,304 | $2.1M |
| 2023 | 419 | $35.0M | $780,662 | $2.5M |
| 2022 | 455 | $31.2M | $744,068 | $2.4M |
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 | $110,555 | — | $110,555 |
| LINEWEAVER WEALTH ADVISORS LLC | INVESTMENT ADVISORY | $29,337 | — | $29,337 |
| CBIZ INVESTMENT ADVISORY SERVICES | RECORDKEEPER | $9,092 | — | $9,092 |
| MEADEN & MOORE, LTD. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — RECORD KEEPER
- MEADEN & MOORE, LTD. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $148,984
- Estimated Expense Ratio: 0.492% 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 | $148,984 | $38,429 | — | — | — |
| 2023 | $122,588 | $34,083 | — | — | — |
| 2022 | $102,083 | $45,616 | — | — | — |