Plan Snapshot
- Plan Sponsor: Ernest Spencer Metals, INC.
- Sponsor EIN: 481134102
- Sponsor Address: 3323 EAST 82ND STREET, MERIDEN, KS, 66512
- Plan Type: 401(k)
- Total Participants: 159
- Total Assets: $4.3M
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. |
|---|---|---|---|---|
| 2024 | 159 | $4.3M | $87,134 | $433,057 |
| 2023 | 154 | $3.7M | $71,785 | $395,306 |
| 2022 | 140 | $3.0M | $67,682 | $335,533 |
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 |
|---|---|---|---|---|
| CHANGE PATH LLC | INVESTMENT ADVISOR | $19,743 | — | $19,743 |
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $18,064 | — | $18,064 |
| ERP NATIONAL LLC | CONTRACT ADMIN | $8,836 | $3,948 | $12,784 |
| SUMMERS SPENCER & COMPANY, PA | AUDITOR | $12,250 | — | $12,250 |
| SSC CPAS, P.A. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SSC CPAS, P.A. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $62,841
- Estimated Expense Ratio: 1.446% 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 | $61,179 | — | — | — | — |
| 2023 | $50,636 | — | — | — | — |
| 2022 | $48,948 | — | — | — | $48,948 |