Plan Snapshot
- Plan Sponsor: Schindler Elevator Corporation
- Sponsor EIN: 341270056
- Sponsor Address: 20 WHIPPANY ROAD, MORRISTOWN, NJ, 079621935
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 3,558
- Total Assets: $595.2M
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. |
|---|---|---|---|---|
| 2025 | 3,558 | $595.2M | $0 | $0 |
| 2024 | 2,362 | $527.8M | $16.8M | $26.5M |
| 2023 | 2,253 | $465.3M | $16.4M | $25.6M |
| 2022 | 2,339 | $371.5M | $15.5M | $24.6M |
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 | $159,603 | — | $159,603 |
| STRATEGIC ADVISORS, INC. | Investment Advisor | $136,337 | — | $136,337 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $295,940
- Estimated Expense Ratio: 0.050% 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 |
|---|---|---|---|---|---|
| 2025 | $64,592,968 | $136,336 | $300 | — | — |
| 2024 | $313,954 | $105,198 | $2,400 | — | — |
| 2023 | $293,873 | $95,740 | $2,100 | — | — |
| 2022 | $245,492 | $84,427 | — | — | — |