Plan Snapshot
- Plan Sponsor: Schimenti Construction Company, LLC
- Sponsor EIN: 134093945
- Sponsor Address: 3 INTERNATIONAL DRIVE, 3RD FLOOR, RYE BROOK, NY, 10573
- Plan Type: 401(k)
- Total Participants: 273
- Total Assets: $26.4M
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 | 273 | $26.4M | $679,837 | $2.6M |
| 2023 | 251 | $23.1M | $640,888 | $2.4M |
| 2022 | 263 | $18.3M | $550,650 | $2.2M |
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 |
|---|---|---|---|---|
| CAPOSSELA, COHEN, LLC | Auditor | $17,500 | — | $17,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $17,500
- Estimated Expense Ratio: 0.066% 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 | $20,712 | — | — | $17,500 | — |
| 2023 | $8,701 | — | — | $6,000 | — |
| 2022 | $2,813 | — | — | — | — |