# The Cannon Corporation 401(k) Plan
Source: https://planprovider.pro/companies/the-cannon-corporation-401k-plan

> The Cannon Corporation&#39;s 401(k) plan: 1,209 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/fidelity-investments) — RECORDKEEPER

- [NFP RETIREMENT](https://planprovider.pro/provider/accelerate-retirement) — INVESTMENT ADVISOR

- [JEFFREY L OFFHAUS CPA, LLC](https://planprovider.pro/provider/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|—|—|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/the-cannon-corporation-401k-plan)

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