Plan Snapshot
- Plan Sponsor: Progressive Foam Technologies, INC.
- Sponsor EIN: 341769074
- Sponsor Address: 6753 CHESTNUT RIDGE ROAD, BEACH CITY, OH, 446089464
- Plan Type: 401(k)
- Total Participants: 191
- Total Assets: $13.3M
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 | 191 | $13.3M | $519,290 | $1.1M |
| 2023 | 197 | $12.8M | $383,514 | $840,143 |
| 2022 | 159 | $10.8M | $335,631 | $738,596 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $49,061 | — | $49,061 |
| COMMONWEALTH FINANCIAL NETWORK | Investment Advisor | — | $24,104 | $24,104 |
| CBIZ BENEFITS & INSURANCE SERVICES | Recordkeeper | — | $7,751 | $7,751 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- COMMONWEALTH FINANCIAL NETWORK — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $80,916
- Estimated Expense Ratio: 0.606% 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 | $49,062 | — | $49,062 | — | — |
| 2023 | $58,700 | $53,909 | $4,791 | — | — |
| 2022 | $55,948 | — | $55,948 | — | — |