Plan Snapshot
- Plan Sponsor: Schaeffler Group Usa INC.
- Sponsor EIN: 570517596
- Sponsor Address: 308 SPRINGHILL FARM ROAD, FORT MILL, SC, 297159784
- Plan Type: DB
- Total Participants: 568
- Total Assets: $181.1M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 568 | $181.1M | $0 | $0 |
| 2023 | 629 | $171.3M | $0 | $0 |
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 & 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 | $1,451,351 | $354,983 | — | — | — |
| 2023 | $1,360,494 | $481,611 | — | — | $615,727 |