Plan Snapshot
- Plan Sponsor: Prima Industrie North America, INC
- Sponsor EIN: 363368708
- Sponsor Address: 711 EAST MAIN ST., CHICOPEE, MA, 01020
- Plan Type: 401(k)
- Total Participants: 195
- Total Assets: $34.7M
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 | 195 | $34.7M | $1.1M | $1.6M |
| 2023 | 209 | $35.2M | $651,721 | $1.7M |
| 2022 | 241 | $33.0M | $569,847 | $1.6M |
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 |
|---|---|---|---|---|
| GLOBAL RETIREMENT PARTNERS LLC | Investment Advisor | $18,217 | — | $18,217 |
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $17,845 | — | $17,845 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $36,062
- Estimated Expense Ratio: 0.104% 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 | $36,567 | $18,620 | — | — | — |
| 2023 | $72,748 | — | — | — | — |
| 2022 | $138,496 | $113,769 | $23,435 | — | — |