Plan Snapshot
- Plan Sponsor: Wright Tool Company
- Sponsor EIN: 340629970
- Sponsor Address: P.O. BOX 512, BARBERTON, OH, 44203
- Plan Type: 401(k)
- Total Participants: 159
- Total Assets: $10.3M
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 | 159 | $10.3M | $406,994 | $462,331 |
| 2023 | 142 | $10.7M | $394,603 | $407,818 |
| 2022 | 148 | $9.5M | $326,467 | $333,882 |
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 | $24,380 | — | $24,380 |
| INVERNESS SECURITIES LLC | Investment Advisor | $7,949 | — | $7,949 |
| ANCORA RETIREMENT PLAN ADVISORS | Investment Advisor | $5,746 | — | $5,746 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $38,075
- Estimated Expense Ratio: 0.371% 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 | $38,075 | $13,695 | — | — | — |
| 2023 | $175 | — | — | — | — |
| 2022 | $149 | — | — | — | — |