Plan Snapshot
- Plan Sponsor: The Elkin Company, LLC
- Sponsor EIN: 391264653
- Sponsor Address: P.O. BOX 279, BURLINGTON, WI, 53105
- Plan Type: 401(k)
- Total Participants: 622
- Total Assets: $21.7M
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 | 622 | $21.7M | $666,778 | $1.1M |
| 2023 | 594 | $19.2M | $683,166 | $1.1M |
| 2022 | 539 | $17.2M | $670,295 | $1.1M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $89,178 | — | $89,178 |
| ROBERT W BAIRD & CO INC | INVESTMENT ADVISORY | — | $39,768 | $39,768 |
| THE RETIREMENT ADVANTAGE INC | OTHER SERVICES | — | $23,073 | $23,073 |
| SVA CERTIFIED PUBLIC ACCOUNTANTS, S | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $152,019
- Estimated Expense Ratio: 0.700% 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 | $97,211 | — | $97,211 | — | — |
| 2023 | $76,703 | — | $76,703 | — | — |
| 2022 | $81,249 | — | $81,249 | — | — |