Plan Snapshot
- Plan Sponsor: Suit-Kote Corporation
- Sponsor EIN: 161177189
- Sponsor Address: 1911 LORINGS CROSSING ROAD, CORTLAND, NY, 13045
- Plan Type: 401(k)
- Total Participants: 721
- Total Assets: $83.7M
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 | 721 | $83.7M | $2.0M | $3.7M |
| 2023 | 721 | $74.1M | $1.9M | $3.5M |
| 2022 | 737 | $68.0M | $1.8M | $3.3M |
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 |
|---|---|---|---|---|
| LPL FINANCIAL, LLC | INVESTMENT ADVISOR | $148,232 | — | $148,232 |
| EMPOWER LIFE & ANNUITY INSURANCE CO | RECORDKEEPER | $41,819 | — | $41,819 |
| DANNIBLE & MCKEE, LLP | AUDITOR | $15,500 | — | $15,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $205,551
- Estimated Expense Ratio: 0.246% 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 | $205,851 | $148,232 | — | $15,500 | — |
| 2023 | $173,984 | $130,300 | — | $12,400 | — |
| 2022 | $244,212 | $134,740 | $109,472 | — | — |