Plan Snapshot
- Plan Sponsor: Schneiderman & Sherman, P.C.
- Sponsor EIN: 383267617
- Sponsor Address: 23938 RESEARCH DR, FARMINGTON HILLS, MI, 483352605
- Plan Type: 401(k)
- Total Participants: 122
- Total Assets: $4.2M
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. |
|---|---|---|---|---|
| 2024 | 122 | $4.2M | $65,530 | $286,100 |
| 2023 | 91 | $3.5M | $64,870 | $287,679 |
| 2022 | 99 | $3.2M | $75,907 | $364,005 |
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 |
|---|---|---|---|---|
| RINGO & ASSOC. PC CPAS | 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 | $23,207 | $9,134 | — | — | — |
| 2023 | $26,965 | $7,075 | — | — | — |
| 2022 | $24,945 | — | $24,945 | — | — |