Plan Snapshot
- Plan Sponsor: Raynor Manfuacturing Company
- Sponsor EIN: 362069924
- Sponsor Address: 1101 EAST RIVER ROAD, P.O. BOX 448, DIXON, IL, 610240448
- Plan Type: 401(k)
- Total Participants: 570
- Total Assets: $64.6M
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 | 570 | $64.6M | $561,870 | $3.0M |
| 2023 | 605 | $64.2M | $606,095 | $3.1M |
| 2022 | 598 | $56.7M | $526,150 | $2.9M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $87,145 | — | $87,145 |
| GALLAGHER BENEFIT SERVICES INC DBA | Investment Advisor | $30,738 | — | $30,738 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $8,663 | — | $8,663 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $126,546
- Estimated Expense Ratio: 0.196% 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 | $118,551 | $39,401 | — | — | — |
| 2023 | $119,826 | $40,677 | — | — | — |
| 2022 | $110,295 | $35,987 | $73,708 | — | $600 |