Plan Snapshot
- Plan Sponsor: Regal Beloit America, INC.
- Sponsor EIN: 390449780
- Sponsor Address: 111 WEST MICHIGAN STREET, MILWAUKEE, WI, 53203
- Plan Type: DB
- Total Participants: 453
- Total Assets: $154.9M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 453 | $154.9M | $331,000 | $0 |
| 2023 | 641 | $167.7M | $2.8M | $0 |
| 2022 | 735 | $162.4M | $0 | $0 |
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 |
|---|---|---|---|---|
| GRANT THORNTON LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GRANT THORNTON LLP — 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 | $1,581,278 | $333,581 | — | — | — |
| 2023 | $2,244,429 | $495,578 | — | — | — |
| 2022 | $1,558,014 | $399,395 | — | — | $464,611 |