Plan Snapshot
- Plan Sponsor: Reliable Tool & Machine Company INC.
- Sponsor EIN: 350997577
- Sponsor Address: 301 WEST OHIO STREET, KENDALLVILLE, IN, 46755
- Plan Type: 401(k)
- Total Participants: 116
- Total Assets: $5.6M
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. |
|---|---|---|---|---|
| 2024 | 116 | $5.6M | $158,832 | $415,579 |
| 2023 | 115 | $4.9M | $157,520 | $402,744 |
| 2022 | 116 | $3.8M | $141,211 | $348,405 |
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 |
|---|---|---|---|---|
| SYM FINANCIAL CORPORATION | Investment Advisor | $26,981 | — | $26,981 |
| EMPOWER ANNUITY INS. CO. OF AMERICA | Recordkeeper | $19,490 | — | $19,490 |
| RETIREMENT PLAN CONCEPTS & SERVICES | Other Service Provider | $1,200 | $5,251 | $6,451 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $52,922
- Estimated Expense Ratio: 0.937% 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 | $52,176 | — | $52,176 | — | — |
| 2023 | $39,295 | — | $39,295 | — | — |
| 2022 | $50,025 | — | $50,025 | — | — |