# Schaeffler Group Usa INC. 401(k) Plan
Source: https://planprovider.pro/companies/schaeffler-group-usa-inc-401k-plan

> Schaeffler Group Usa INC.'s 401(k) plan: 5,149 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

| FIDELITY INVESTMENTS INSTITUTIONAL|RECORDKEEPER|$174,709|—|$174,709|

| BLACKA JESSUP AND HENDERSON LLP|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [FIDELITY INVESTMENTS INSTITUTIONAL](https://planprovider.pro/provider/fidelity-investments) — RECORDKEEPER

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $174,709

- **Estimated Expense Ratio:** 0.022% 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|$174,709|—|$3,000|—|—|

| 2023|$86,408|—|$1,500|—|—|

| 2022|-$367,021|—|—|—|—|

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