Plan Snapshot
- Plan Sponsor: Process Technology
- Sponsor EIN: 341257334
- Sponsor Address: 38809 MENTOR AVE, WILLOUGHBY, OH, 440947932
- Plan Type: 401(k)
- Total Participants: 329
- Total Assets: $23.4M
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 | 329 | $23.4M | $859,746 | $974,722 |
| 2023 | 232 | $21.0M | $633,456 | $988,389 |
| 2022 | 184 | $20.6M | $882,068 | $898,452 |
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 |
|---|---|---|---|---|
| COHEN & COMPANY, LTD | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $50,835 | $1,142 | $47,789 | — | — |
| 2023 | $47,945 | — | $47,945 | — | — |
| 2022 | $48,491 | — | $48,491 | — | — |