Plan Snapshot
- Plan Sponsor: Princeton Tool, INC.
- Sponsor EIN: 341855801
- Sponsor Address: PO BOX 508, MENTOR, OH, 44061
- Plan Type: 401(k)
- Total Participants: 253
- Total Assets: $11.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 253 | $11.6M | $370,686 | $744,086 |
| 2023 | 255 | $9.7M | $316,946 | $620,071 |
| 2022 | 168 | $8.1M | $295,259 | $594,259 |
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 |
|---|---|---|---|---|
| LPL FINANCIAL LLC | ADVISOR | $44,604 | — | $44,604 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $13,946 | — | $13,946 |
| MALONEY AND NOVOTNY | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LPL FINANCIAL LLC — ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- MALONEY AND NOVOTNY — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $58,550
- Estimated Expense Ratio: 0.503% 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 | $60,853 | $46,907 | — | — | — |
| 2023 | $48,360 | $37,535 | — | — | — |
| 2022 | $44,473 | $1,049 | — | — | — |