Plan Snapshot
- Plan Sponsor: Schafer Industries INC.
- Sponsor EIN: 351718069
- Sponsor Address: 4701 NIMTZ PKWY, SOUTH BEND, IN, 46628
- Plan Type: 401(k)
- Total Participants: 295
- Total Assets: $14.7M
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 | 295 | $14.7M | $578,126 | $1.1M |
| 2023 | 296 | $13.3M | $581,266 | $1.0M |
| 2022 | 275 | $10.4M | $476,640 | $880,643 |
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 |
|---|---|---|---|---|
| ARMANINO LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ARMANINO LLP — Auditor
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 | $15,641 | $3,957 | — | — | — |
| 2023 | $9,541 | $2,597 | — | — | — |
| 2022 | $1,823 | $1,623 | — | — | — |