Plan Snapshot
- Plan Sponsor: Paul Reed Smith Guitars, LP
- Sponsor EIN: 521385424
- Sponsor Address: 380 LOG CANOE CIRCLE, STEVENSVILLE, MD, 21666
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 538
- Total Assets: $31.9M
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. |
|---|---|---|---|---|
| 2025 | 538 | $31.9M | $0 | $0 |
| 2024 | 494 | $26.8M | $632,735 | $2.1M |
| 2023 | 464 | $22.0M | $565,030 | $1.8M |
| 2022 | 429 | $17.6M | $508,079 | $1.7M |
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 |
|---|---|---|---|---|
| ADP, INC. | Recordkeeper | $52,941 | — | $52,941 |
| UHY, LLP | Other Service Provider | $13,750 | — | $13,750 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $66,691
- Estimated Expense Ratio: 0.209% 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 |
|---|---|---|---|---|---|
| 2025 | $2,856,882 | $3,017 | — | $13,750 | — |
| 2024 | $62,153 | $1,385 | — | $5,250 | — |
| 2023 | $66,045 | $13,088 | — | — | — |
| 2022 | $55,747 | — | — | — | — |