Plan Snapshot
- Plan Sponsor: The Cannon Corporation
- Sponsor EIN: 160698950
- Sponsor Address: 50 FOUNTAIN PLAZA, SUITE 200, BUFFALO, NY, 14202
- Plan Type: 401(k)
- Total Participants: 1,209
- Total Assets: $273.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 1,209 | $273.6M | $3.5M | $13.5M |
| 2023 | 1,151 | $226.6M | $3.2M | $12.3M |
| 2022 | 1,151 | $188.5M | $2.9M | $10.9M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $126,345 | — | $126,345 |
| NFP RETIREMENT | INVESTMENT ADVISOR | $68,750 | — | $68,750 |
| JEFFREY L OFFHAUS CPA, LLC | ACCOUNTANT/AUDITOR | $13,175 | — | $13,175 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- NFP RETIREMENT — INVESTMENT ADVISOR
- JEFFREY L OFFHAUS CPA, LLC — ACCOUNTANT/AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $208,270
- Estimated Expense Ratio: 0.076% 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 | $208,270 | $68,750 | $600 | $13,175 | — |
| 2023 | $179,397 | $27,500 | $1,200 | $12,800 | — |
| 2022 | $216,516 | — | — | — | — |