Plan Snapshot
- Plan Sponsor: Dr. Schar Usa, INC.
- Sponsor EIN: 260855603
- Sponsor Address: 305 HERON DRIVE, SWEDESBORO, NJ, 08085
- Plan Type: 401(k)
- Total Participants: 173
- Total Assets: $5.5M
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 | 173 | $5.5M | $438,876 | $606,805 |
| 2023 | 104 | $4.1M | $319,154 | $431,564 |
| 2022 | 114 | $3.0M | $334,127 | $454,516 |
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 |
|---|---|---|---|---|
| CLYNE, EAGAN & ASSOCIATES | Auditor | — | — | $0 |
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 | $408,011 | — | $30,078 | — | — |
| 2023 | $618,979 | — | $23,775 | — | — |
| 2022 | $11,511 | — | — | — | — |