Plan Snapshot
- Plan Sponsor: The Millcraft Paper Company
- Sponsor EIN: 340401595
- Sponsor Address: 9010 RIO NERO DRIVE, INDEPENDENCE, OH, 44131
- Plan Type: 401(k)
- Total Participants: 261
- Total Assets: $22.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 261 | $22.9M | $37,389 | $1.5M |
| 2023 | 261 | $20.8M | $500,000 | $1.4M |
| 2022 | 256 | $16.9M | $996,100 | $1.4M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY | Recordkeeper | $56,936 | — | $56,936 |
| CBIZ FINANCIAL SOLUTIONS INC | Investment Advisor | $47,486 | — | $47,486 |
| COHEN & COMPANY | Auditor | $15,000 | — | $15,000 |
| CBIZ BENEFITS & INSURANCE | Other Service Provider | — | $10,000 | $10,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $129,422
- Estimated Expense Ratio: 0.566% 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 | $121,090 | — | $121,090 | — | — |
| 2023 | $106,774 | — | $106,774 | — | — |
| 2022 | $101,528 | — | $101,528 | — | — |