Plan Snapshot
- Plan Sponsor: Schwab Industries, INC.
- Sponsor EIN: 382556594
- Sponsor Address: 50850 RIZZO DRIVE, SHELBY TWP, MI, 48315
- Plan Type: 401(k)
- Total Participants: 80
- Total Assets: $5.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 80 | $5.9M | $63,057 | $449,053 |
| 2023 | 81 | $5.4M | $79,106 | $428,309 |
| 2022 | 92 | $4.6M | $86,625 | $458,569 |
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 |
|---|---|---|---|---|
| CUSMANO & COMPANY | 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 | $78,484 | $37,674 | — | — | — |
| 2023 | $8,555 | $4,538 | — | — | — |
| 2022 | $7,966 | $4,703 | $3,263 | — | — |