Plan Snapshot
- Plan Sponsor: Fmi Aerostructures, LLC
- Sponsor EIN: 953423421
- Sponsor Address: 27756 AVENUE MENTRY, VALENCIA, CA, 91355
- Plan Type: 401(k)
- Total Participants: 172
- Total Assets: $7.4M
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 | 172 | $7.4M | $477,400 | $890,217 |
| 2023 | 208 | $5.6M | $314,685 | $690,972 |
| 2022 | 198 | $5.6M | $232,423 | $428,862 |
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 |
|---|---|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH | INVESTMENT ADVISOR | $21,694 | — | $21,694 |
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $11,463 | — | $11,463 |
| HEDMAN PARTNERS LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HEDMAN PARTNERS LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $33,157
- Estimated Expense Ratio: 0.449% 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 | $35,322 | $23,859 | — | — | — |
| 2023 | $14,624 | $7,734 | — | — | — |
| 2022 | $6,641 | — | $4,181 | — | $2,460 |