Plan Snapshot
- Plan Sponsor: Matt Industries, INC.
- Sponsor EIN: 141621837
- Sponsor Address: 6761 THOMPSON ROAD NORTH, SYRACUSE, NY, 13211
- Plan Type: 401(k)
- Total Participants: 204
- Total Assets: $14.1M
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 | 204 | $14.1M | $78,388 | $600,903 |
| 2023 | 195 | $12.5M | $80,711 | $614,791 |
| 2022 | 208 | $11.1M | $81,399 | $561,366 |
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 |
|---|---|---|---|---|
| STRATEGIC FINANCIAL SERVICES | ADVISOR | $38,344 | — | $38,344 |
| FIDELITY INVESTMENTS INST'L OPS CO | RECORDKEEPER | $29,293 | — | $29,293 |
| BOWERS & COMPANY CPAS PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INST'L OPS CO — RECORDKEEPER
- BOWERS & COMPANY CPAS PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $67,637
- Estimated Expense Ratio: 0.479% 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 | $67,637 | $38,344 | — | — | — |
| 2023 | $62,543 | $34,183 | — | — | — |
| 2022 | $65,570 | — | — | — | — |