Plan Snapshot
- Plan Sponsor: Scholfield, INC.
- Sponsor EIN: 480992934
- Sponsor Address: 7017 E. KELLOGG DRIVE, WICHITA, KS, 67207
- Plan Type: 401(k)
- Total Participants: 145
- Total Assets: $9.3M
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 | 145 | $9.3M | $235,697 | $677,532 |
| 2023 | 139 | $8.6M | $225,380 | $679,446 |
| 2022 | 128 | $8.1M | $210,516 | $648,013 |
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 |
|---|---|---|---|---|
| COMPASS 360, LLC | TPA | $26,650 | — | $26,650 |
| NATIONAL FINANCIAL SERVICES | PAYING AGENT | — | $21,568 | $21,568 |
| MORGAN STANLEY SMITH BARNEY | ADVISOR | — | $18,024 | $18,024 |
| ADAMSBROWN, LLC | ACCOUNTANT/AUDITOR | $13,400 | — | $13,400 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY SMITH BARNEY — ADVISOR
- ADAMSBROWN, LLC — ACCOUNTANT/AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $79,642
- Estimated Expense Ratio: 0.856% 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 | $26,262 | — | — | $13,400 | — |
| 2023 | $8,006 | — | — | $7,260 | — |
| 2022 | $61,799 | — | — | — | — |