Plan Snapshot
- Plan Sponsor: Puratos Corporation
- Sponsor EIN: 042707059
- Sponsor Address: 1660 SUCKLE HIGHWAY, PENNSAUKEN, NJ, 08110
- Plan Type: 401(k)
- Total Participants: 538
- Total Assets: $43.2M
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 | 538 | $43.2M | $1.7M | $3.5M |
| 2023 | 525 | $35.3M | $1.6M | $3.2M |
| 2022 | 534 | $28.5M | $1.5M | $3.1M |
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 | CONTRACT ADMINISTRATOR | $66,251 | — | $66,251 |
| WELLS FARGO ADVISORS | INVESTMENT ADVISORY | $40,000 | — | $40,000 |
| BAKER TILLY US, LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $106,251
- Estimated Expense Ratio: 0.246% 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 | $106,249 | $39,998 | $66,251 | — | — |
| 2023 | $92,098 | $39,993 | $52,105 | — | — |
| 2022 | $90,211 | $39,984 | $50,227 | — | — |