Plan Snapshot
- Plan Sponsor: Mitsui Sumitomo Marine Management (U.S.A.), INC.
- Sponsor EIN: 133429270
- Sponsor Address: 15 INDEPENDENCE BLVD., WARREN, NJ, 070592713
- Plan Type: 401(k)
- Total Participants: 653
- Total Assets: $176.7M
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 | 653 | $176.7M | $6.9M | $7.1M |
| 2023 | 539 | $151.8M | $6.3M | $6.3M |
| 2022 | 470 | $122.8M | $5.1M | $5.1M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $62,867 | — | $62,867 |
| NEWPORT CAPITAL GROUP | INVESTMENT ADVISOR | $55,199 | — | $55,199 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $23,470 | — | $23,470 |
| KPMG LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
- KPMG LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $141,536
- Estimated Expense Ratio: 0.080% 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 | $141,536 | $78,669 | $600 | — | — |
| 2023 | $132,668 | $17,956 | — | — | — |
| 2022 | $123,790 | $12,693 | — | — | — |