Plan Snapshot
- Plan Sponsor: Schaefer Systems International
- Sponsor EIN: 221851861
- Sponsor Address: 5032 SIRONA DR. STE 100, CHARLOTTE, NC, 28273
- Plan Type: 401(k)
- Total Participants: 279
- Total Assets: $32.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 279 | $32.9M | $947,166 | $2.1M |
| 2023 | 288 | $28.3M | $1.1M | $2.3M |
| 2022 | 354 | $24.7M | $1.1M | $2.3M |
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 |
|---|---|---|---|---|
| LANGFORD DE KOCK 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 | $48,969 | $44,988 | — | — | — |
| 2023 | $42,851 | $38,680 | — | — | — |
| 2022 | $45,422 | — | — | — | — |