# Canfield Scientific, INC. 401(k) Plan
Source: https://planprovider.pro/companies/canfield-scientific-inc-401k-plan

> Canfield Scientific, INC.'s 401(k) plan: 272 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Canfield Scientific, INC.

- **Sponsor EIN:** 222938062

- **Sponsor Address:** 4 WOOD HOLLOW ROAD, PARSIPPANY, NJ, 07054

- **Plan Type:** 401(k)

- **Total Participants:** 272

- **Total Assets:** $46.2M

## 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|272|$46.2M|$966,408|$2.3M|

| 2023|281|$38.2M|$892,416|$1.9M|

| 2022|251|$30.5M|$765,582|$1.6M|

## 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|

| GELTRUDE & COMPANY LLC|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [GELTRUDE & COMPANY LLC](https://planprovider.pro/provider/geltrude-and-company-llc) — 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|$65,055|—|—|—|—|

| 2023|$79,673|—|$16,869|—|—|

| 2022|$151,609|—|$151,609|—|—|

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