# Pressco Technology INC. 401(k) Plan
Source: https://planprovider.pro/companies/pressco-technology-inc-401k-plan

> Pressco Technology INC.'s 401(k) plan: 142 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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