Plan Snapshot
- Plan Sponsor: Ssp Fittings Corp.
- Sponsor EIN: 340543430
- Sponsor Address: 8250 BOYLE PARKWAY, TWINSBURG, OH, 44087
- Plan Type: 401(k)
- Total Participants: 185
- Total Assets: $14.6M
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 | 185 | $14.6M | $284,665 | $855,213 |
| 2023 | 172 | $13.3M | $179,039 | $717,423 |
| 2022 | 174 | $12.1M | $177,211 | $702,902 |
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 |
|---|---|---|---|---|
| NFP RETIREMENT INC | Investment Advisor | $45,591 | — | $45,591 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $12,640 | — | $12,640 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $58,231
- Estimated Expense Ratio: 0.398% 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 | $58,231 | $45,591 | — | — | — |
| 2023 | $53,769 | $42,558 | — | — | — |
| 2022 | $56,893 | $44,461 | $12,432 | — | — |