Plan Snapshot
- Plan Sponsor: Schuster Enterprises, INC.
- Sponsor EIN: 581051549
- Sponsor Address: 3530 MACON ROAD, COLUMBUS, GA, 31917
- Plan Type: 401(k)
- Total Participants: 318
- Total Assets: $21.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 318 | $21.4M | $467,749 | $811,895 |
| 2023 | 313 | $20.0M | $441,501 | $747,951 |
| 2022 | 326 | $18.3M | $446,300 | $785,749 |
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 |
|---|---|---|---|---|
| SYNOVUS TRUST COMPANY N.A. | INVESTMENT ADVISOR | $30,000 | — | $30,000 |
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $25,480 | — | $25,480 |
| ROBINSON, GRIMES, COMPANY, P.C. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $55,480
- Estimated Expense Ratio: 0.260% 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 | $55,805 | $30,000 | — | — | — |
| 2023 | $60,767 | $22,500 | $33,509 | — | — |
| 2022 | $64,854 | $30,000 | $32,129 | — | — |