Plan Snapshot
- Plan Sponsor: Raf Industries, INC.
- Sponsor EIN: 510247983
- Sponsor Address: 50 MONUMENT ROAD SUITE 303, BALA CYNWYD, PA, 19004
- Plan Type: 401(k)
- Total Participants: 911
- Total Assets: $58.9M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 911 | $58.9M | $1.6M | $3.8M |
| 2023 | 887 | $65.6M | $1.7M | $4.0M |
| 2022 | 916 | $55.6M | $1.7M | $4.2M |
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 |
|---|---|---|---|---|
| WILMINGTON TRUST, N.A. | Other Service Provider | $58,878 | — | $58,878 |
| MCGLADREY LLP | Auditor | $44,000 | — | $44,000 |
| JPMORGAN INVEST HOLDINGS LLC | Recordkeeper | $13,314 | — | $13,314 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $116,192
- Estimated Expense Ratio: 0.197% 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 | $11,069 | — | — | — | — |
| 2023 | $95,106 | — | — | — | — |
| 2022 | $40,224 | — | $40,224 | — | — |