Plan Snapshot
- Plan Sponsor: Samsung Electronics America, INC.
- Sponsor EIN: 132951153
- Sponsor Address: 700 SYLVAN AVENUE, ENGLEWOOD CLIFFS, NJ, 07632
- Plan Type: 401(k)
- Total Participants: 13,861
- Total Assets: $3.1B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 13,861 | $3.1B | $90.1M | $196.2M |
| 2023 | 14,598 | $2.6B | $85.1M | $174.3M |
| 2022 | 13,555 | $2.0B | $72.7M | $149.7M |
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 |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | ADVISOR | $1,040,569 | — | $1,040,569 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $755,991 | — | $755,991 |
| CAPFINANCIAL | CONSULTANT | $105,000 | — | $105,000 |
| FIDUCIARY INVESTMENT ADVISORS | CONSULTANT | $19,572 | — | $19,572 |
| CROWE LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,921,132
- Estimated Expense Ratio: 0.062% 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 | $1,766,357 | $1,040,569 | $10,200 | — | — |
| 2023 | $1,806,398 | $1,083,959 | $6,000 | — | — |
| 2022 | $1,522,334 | $843,177 | — | — | — |