Plan Snapshot
- Plan Sponsor: Schaeffler Group Usa INC.
- Sponsor EIN: 570517596
- Sponsor Address: 308 SPRINGHILL FARM RD, FORT MILL, SC, 29715
- Plan Type: 401(k)
- Total Participants: 5,149
- Total Assets: $800.1M
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 | 5,149 | $800.1M | $21.2M | $30.3M |
| 2023 | 4,937 | $715.9M | $26.0M | $28.2M |
| 2022 | 4,857 | $599.8M | $22.4M | $26.1M |
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 |
|---|---|---|---|---|
| BLACKA JESSUP AND HENDERSON 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 | $174,709 | — | $3,000 | — | — |
| 2023 | $86,408 | — | $1,500 | — | — |
| 2022 | -$367,021 | — | — | — | — |