Plan Snapshot
- Plan Sponsor: Saertex Usa, LLC
- Sponsor EIN: 562223993
- Sponsor Address: 12200-A MT. HOLLY-HUNTERSVILLE, HUNTERSVILLE, NC, 280787632
- Plan Type: 401(k)
- Total Participants: 154
- Total Assets: $7.6M
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. |
|---|---|---|---|---|
| 2024 | 154 | $7.6M | $348,259 | $638,519 |
| 2023 | 168 | $6.3M | $330,428 | $594,658 |
| 2022 | 166 | $5.0M | $303,238 | $553,881 |
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 | $36,420 | — | $36,420 |
| KESTRA INVESTMENT SERVICES LLC | Investment Advisor | $16,830 | $7 | $16,837 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- KESTRA INVESTMENT SERVICES LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $53,257
- Estimated Expense Ratio: 0.705% 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 | $53,254 | $16,834 | $36,420 | — | — |
| 2023 | $44,217 | $13,266 | $30,951 | — | — |
| 2022 | $41,618 | $12,709 | $28,909 | — | — |