Plan Snapshot
- Plan Sponsor: The Norwood Company
- Sponsor EIN: 222066074
- Sponsor Address: 375 TECHNOLOGY DRIVE, MALVERN, PA, 19355
- Plan Type: 401(k)
- Total Participants: 85
- Total Assets: $19.7M
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 | 85 | $19.7M | $188,655 | $1.1M |
| 2023 | 77 | $17.6M | $201,190 | $1.1M |
| 2022 | 93 | $14.8M | $218,098 | $1.2M |
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 |
|---|---|---|---|---|
| KREISCHER MILLER | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- KREISCHER MILLER — Auditor
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 |
|---|---|---|---|---|---|
| 2024 | $94,524 | $32,749 | $61,775 | — | — |
| 2023 | $83,894 | $28,386 | $55,508 | — | — |
| 2022 | $84,714 | — | $84,714 | — | — |