Plan Snapshot
- Plan Sponsor: Rusken Packaging, INC.
- Sponsor EIN: 630776136
- Sponsor Address: 64 WALNUT STREET NW, CULLMAN, AL, 35055
- Plan Type: 401(k)
- Total Participants: 744
- Total Assets: $28.2M
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. |
|---|---|---|---|---|
| 2024 | 744 | $28.2M | $894,917 | $2.5M |
| 2023 | 707 | $25.7M | $922,440 | $2.2M |
| 2022 | 605 | $24.0M | $769,251 | $1.9M |
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 | Recordkeeper | $116,799 | — | $116,799 |
| BENEFIT PLANS, INC. | Recordkeeper | $3,900 | $13,883 | $17,783 |
| MMLIS | Investment Advisor | — | $8,026 | $8,026 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $6,293 | — | $6,293 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $148,901
- Estimated Expense Ratio: 0.529% 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 | $101,360 | — | $101,360 | — | — |
| 2023 | $128,360 | — | $128,360 | — | — |
| 2022 | $134,169 | $122,228 | $11,941 | — | — |