Plan Snapshot
- Plan Sponsor: Pressco Technology INC.
- Sponsor EIN: 310721150
- Sponsor Address: 29200 AURORA ROAD, SOLON, OH, 44139
- Plan Type: 401(k)
- Total Participants: 142
- Total Assets: $31.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 142 | $31.4M | $136,640 | $1.3M |
| 2023 | 149 | $29.9M | $141,138 | $1.3M |
| 2022 | 141 | $27.0M | $127,197 | $1.1M |
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 |
|---|---|---|---|---|
| RAYMOND JAMES FINANCIAL SERVICES | INVESTMENT ADVISOR | $19,040 | — | $19,040 |
| CORRIGAN KRAUSE HARRISON LONG HARSA | AUDITOR | $12,000 | — | $12,000 |
| CORRIGAN KRAUSE | Auditor | $12,000 | — | $12,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $43,040
- Estimated Expense Ratio: 0.137% 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 | $32,378 | $19,040 | $1,338 | $12,000 | — |
| 2023 | $32,149 | $20,000 | $649 | $11,500 | — |
| 2022 | $33,040 | $20,000 | $13,040 | — | — |