Plan Snapshot
- Plan Sponsor: Preston Industries, INC
- Sponsor EIN: 362751864
- Sponsor Address: 6600 WEST TOUHY AVENUE, NILES, IL, 607144588
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 177
- Total Assets: $11.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 177 | $11.8M | $0 | $0 |
| 2024 | 137 | $10.4M | $16,504 | $538,591 |
| 2023 | 143 | $8.9M | $19,075 | $586,470 |
| 2022 | 141 | $7.2M | $19,300 | $554,742 |
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 |
|---|---|---|---|---|
| AMERIPRISE FINANCIAL SERVICES | Investment Advisor | — | $43,185 | $43,185 |
| NATIONWIDE TRUST COMPANY | Custodian / Trustee | — | $23,809 | $23,809 |
| HOWARD SIMON & ASSOCIATES, INC. | Recordkeeper | $3,575 | $6,478 | $10,053 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $77,047
- Estimated Expense Ratio: 0.654% 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 |
|---|---|---|---|---|---|
| 2025 | $798,030 | — | $4,075 | — | — |
| 2024 | $4,293 | — | $4,293 | — | — |
| 2023 | $5,666 | — | $5,666 | — | — |
| 2022 | $3,294 | — | $3,294 | — | — |