Plan Snapshot
- Plan Sponsor: Recovery Resources
- Sponsor EIN: 341211116
- Sponsor Address: 3950 CHESTER AVE., CLEVELAND, OH, 44114
- Plan Type: 401(k)
- Plan Number: 003
- Total Participants: 112
- Total Assets: $3.2M
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. |
|---|---|---|---|---|
| 2025 | 112 | $3.2M | $0 | $0 |
| 2024 | 87 | $2.8M | $57,628 | $206,093 |
| 2023 | 117 | $2.9M | $51,455 | $194,573 |
| 2022 | 115 | $2.8M | $42,647 | $181,941 |
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 INS CO OF AMERICA | Recordkeeper | $18,067 | — | $18,067 |
| WELLS FARGO ADVISORS, LLC | Investment Advisor | $7,555 | — | $7,555 |
| BENEFIT SOLUTIONS, ETC. | Recordkeeper | $5,981 | $1,511 | $7,492 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $33,114
- Estimated Expense Ratio: 1.020% 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 |
|---|---|---|---|---|---|
| 2025 | $334,537 | $22,143 | $5,185 | — | — |
| 2024 | $22,969 | $19,293 | $3,676 | — | — |
| 2023 | $25,870 | $22,194 | $3,676 | — | — |
| 2022 | $40,408 | — | $6,839 | — | $33,569 |