Plan Snapshot
- Plan Sponsor: Saab, INC.
- Sponsor EIN: 582310523
- Sponsor Address: 5717 ENTERPRISE PARKWAY, EAST SYRACUSE, NY, 13057
- Plan Type: 401(k)
- Total Participants: 1,078
- Total Assets: $247.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 1,078 | $247.3M | $4.5M | $10.3M |
| 2023 | 904 | $225.2M | $3.7M | $8.8M |
| 2022 | 745 | $190.4M | $3.1M | $7.5M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $279,899 | $1,416 | $281,315 |
| GALLAGHER BENEFIT SERVICES, INC. | Investment Advisor | — | $50,000 | $50,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GALLAGHER BENEFIT SERVICES, INC. — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $331,315
- Estimated Expense Ratio: 0.134% 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 | $279,965 | — | $279,965 | — | — |
| 2023 | $233,692 | — | $233,692 | — | — |
| 2022 | $218,638 | — | $218,638 | — | — |