Plan Snapshot
- Plan Sponsor: Switchboard Apparatus, INC.
- Sponsor EIN: 264747495
- Sponsor Address: 11333 ADDISON AVE., FRANKLIN PARK, IL, 60131
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 230
- Total Assets: $6.9M
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. |
|---|---|---|---|---|
| 2025 | 230 | $6.9M | $0 | $0 |
| 2024 | 120 | $5.4M | $299,631 | $376,212 |
| 2023 | 81 | $4.6M | $201,644 | $359,596 |
| 2022 | 62 | $3.8M | $170,290 | $258,264 |
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 |
|---|---|---|---|---|
| CASSELL PLAN AUDITS | Auditor | — | — | $0 |
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 |
|---|---|---|---|---|---|
| 2025 | $358,315 | — | $48,124 | — | — |
| 2024 | $557,031 | — | — | — | — |
| 2023 | $542,561 | — | — | — | — |
| 2022 | $863,809 | — | — | — | — |