# Saipem America, INC. 401(k) Plan
Source: https://planprovider.pro/companies/saipem-america-inc-401k-plan

> Saipem America, INC.'s 401(k) plan: 205 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Saipem America, INC.

- **Sponsor EIN:** 760310017

- **Sponsor Address:** 1311 BROADFIELD BLVD, HOUSTON, TX, 770845186

- **Plan Type:** 401(k)

- **Total Participants:** 205

- **Total Assets:** $26.5M

## 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|205|$26.5M|$908,048|$1.9M|

| 2023|176|$21.9M|$764,957|$1.6M|

| 2022|176|$17.7M|$558,445|$1.1M|

## 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|

| PRINCIPAL LIFE INSURANCE COMPANY|CONTRACT ADMINISTRATOR|$96,293|—|$96,293|

| B. RILEY WEALTH ADVISORS, INC.|INVESTMENT ADVISORY|—|$29,379|$29,379|

| ROBERTSON & ROBERTSON|ACCOUNTANT|$12,425|—|$12,425|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [ROBERTSON & ROBERTSON](https://planprovider.pro/provider/robertson-and-robertson-pllc) — ACCOUNTANT

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $138,097

- **Estimated Expense Ratio:** 0.521% 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|$108,718|—|—|$12,425|—|

| 2023|$99,952|$24,149|—|$12,245|—|

| 2022|$92,039|—|$79,615|—|$12,424|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/saipem-america-inc-401k-plan)

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