Plan Snapshot
- Plan Sponsor: Reco Equipment INC
- Sponsor EIN: 311055941
- Sponsor Address: 50985 NATIONAL ROAD SUITE 2, ST. CLAIRESVILLE, OH, 43950
- Plan Type: 401(k)
- Total Participants: 289
- Total Assets: $17.8M
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 | 289 | $17.8M | $307,722 | $1.3M |
| 2023 | 283 | $15.6M | $303,148 | $1.3M |
| 2022 | 243 | $13.3M | $286,317 | $1.2M |
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 |
|---|---|---|---|---|
| REA & ASSOCIATES | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- REA & ASSOCIATES — Auditor
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 | $8,804 | $6,564 | $2,240 | — | — |
| 2023 | $8,551 | $6,611 | $1,940 | — | — |
| 2022 | $8,610 | $6,309 | $2,301 | — | — |