Plan Snapshot
- Plan Sponsor: Satco Products, INC.
- Sponsor EIN: 112070002
- Sponsor Address: 110 HEARTLAND BLVD., BRENTWOOD, NY, 11717
- Plan Type: 401(k)
- Plan Number: 003
- Total Participants: 310
- Total Assets: $26.8M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 310 | $26.8M | $801,624 | $1.1M |
| 2023 | 294 | $25.1M | $746,132 | $985,419 |
| 2022 | 279 | $21.5M | $705,594 | $979,236 |
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 |
|---|---|---|---|---|
| SAX LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $108,360 | — | — | — | — |
| 2023 | $96,464 | $96,464 | — | — | — |
| 2022 | $102,360 | — | — | — | $102,360 |