Plan Snapshot
- Plan Sponsor: Searles Valley Minerals INC.
- Sponsor EIN: 133579263
- Sponsor Address: 9401 INDIAN CREEK PARKWAY STE. 1000, OVERLAND PARK, KS, 66210
- Plan Type: 401(k)
- Total Participants: 532
- Total Assets: $115.0M
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 | 532 | $115.0M | $3.4M | $5.3M |
| 2023 | 553 | $117.5M | $3.2M | $5.0M |
| 2022 | 569 | $104.2M | $3.1M | $4.9M |
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 |
|---|---|---|---|---|
| CBIZ CPAS P.C. | Auditor | $29,646 | — | $29,646 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $29,646
- Estimated Expense Ratio: 0.026% 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 | $207,927 | $105,114 | — | $29,646 | — |
| 2023 | $185,472 | $117,335 | — | $5,250 | — |
| 2022 | $171,265 | $126,857 | $43,808 | — | $600 |