Plan Snapshot
- Plan Sponsor: Thule INC.
- Sponsor EIN: 133053238
- Sponsor Address: 42 SILVERMINE ROAD, SEYMOUR, CT, 06483
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 450
- Total Assets: $51.9M
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. |
|---|---|---|---|---|
| 2025 | 450 | $51.9M | $0 | $0 |
| 2024 | 304 | $46.5M | $898,871 | $2.2M |
| 2023 | 343 | $39.6M | $881,897 | $2.1M |
| 2022 | 372 | $34.9M | $1.0M | $2.3M |
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 |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS | Recordkeeper | $64,193 | — | $64,193 |
| LRI INVESTMENTS, LLC | Investment Advisor | $35,347 | — | $35,347 |
| FIONDELLA, MILONE & LASARACINA | Auditor | $14,500 | — | $14,500 |
| M HOLDINGS SECURITIES | Investment Advisor | $12,993 | — | $12,993 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $127,033
- Estimated Expense Ratio: 0.245% 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 |
|---|---|---|---|---|---|
| 2025 | $4,887,084 | $48,341 | — | $14,500 | — |
| 2024 | $194,496 | $41,821 | — | $14,000 | — |
| 2023 | $116,534 | $35,979 | — | $17,500 | — |
| 2022 | $192,142 | $48,198 | — | — | $16,500 |