Plan Snapshot
- Plan Sponsor: Scheidt & Bachmann Usa INC.
- Sponsor EIN: 752605586
- Sponsor Address: 1001 PAWTUCKET BLVD., LOWELL, MA, 01854
- Plan Type: 401(k)
- Total Participants: 168
- Total Assets: $18.0M
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 | 168 | $18.0M | $381,366 | $861,681 |
| 2023 | 153 | $16.5M | $298,658 | $758,422 |
| 2022 | 160 | $13.9M | $306,273 | $793,812 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $51,154 | — | $51,154 |
| DAVINCI CAPITAL MANAGEMENT INC DBA | Investment Advisor | — | $38,645 | $38,645 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $32,442 | — | $32,442 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $122,241
- Estimated Expense Ratio: 0.679% 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 | $80,621 | $32,442 | — | — | — |
| 2023 | $70,856 | $28,906 | — | — | — |
| 2022 | $77,410 | — | $77,410 | — | — |