Plan Snapshot
- Plan Sponsor: Component Manufacturing Company
- Sponsor EIN: 460313735
- Sponsor Address: 4101 N 4TH AVE, SIOUX FALLS, SD, 57104
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 108
- Total Assets: $8.0M
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. |
|---|---|---|---|---|
| 2023 | 108 | $8.0M | $233,338 | $799,587 |
| 2022 | 131 | $6.5M | $209,473 | $700,204 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $53,618 | — | $53,618 |
| VISIONPOINT ADVISORY GROUP | Investment Advisor | — | $26,179 | $26,179 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $79,797
- Estimated Expense Ratio: 0.993% 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 |
|---|---|---|---|---|---|
| 2023 | $53,618 | — | $53,618 | — | — |
| 2022 | $53,813 | — | $53,813 | — | — |