# Selway Machine Tool Company, INC. 401(k) Plan
Source: https://planprovider.pro/companies/selway-machine-tool-company-inc-401k-plan

> Selway Machine Tool Company, INC.'s 401(k) plan: 122 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Selway Machine Tool Company, INC.

- **Sponsor EIN:** 941716003

- **Sponsor Address:** 29250 UNION CITY BLVD, UNION CITY, CA, 945871209

- **Plan Type:** 401(k)

- **Total Participants:** 122

- **Total Assets:** $26.9M

## 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|122|$26.9M|$351,739|$1.5M|

| 2023|127|$22.3M|$340,656|$1.4M|

| 2022|138|$18.9M|$338,281|$1.4M|

## 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|

| PRINCIPAL LIFE INSURANCE COMPANY|CONTRACT ADMINISTRATOR|$64,560|—|$64,560|

| APRIO LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [APRIO LLP](https://planprovider.pro/provider/aprio-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $64,560

- **Estimated Expense Ratio:** 0.240% 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|$64,573|—|$64,573|—|—|

| 2023|$52,157|—|$52,157|—|—|

| 2022|$48,333|—|$48,333|—|—|

## Similar Plans

- [Mckinley Equipment Corporation](https://planprovider.pro/companies/mckinley-equipment-corporation-401k-plan) — 127 participants

- [Green Rubber-Kennedy Ag, LP](https://planprovider.pro/companies/green-rubber-kennedy-ag-lp-401k-plan) — 130 participants

- [Selway Machine Tool Co., INC.](https://planprovider.pro/companies/selway-machine-tool-co-inc-plan-003) — 111 participants

- [Process Distribution Group](https://planprovider.pro/companies/process-distribution-group-plan-005) — 109 participants

- [Hydraulic Controls, INC.](https://planprovider.pro/companies/hydraulic-controls-inc-plan-003) — 137 participants

- [Hydraulic Controls, INC.](https://planprovider.pro/companies/hydraulic-controls-inc-401k-plan) — 145 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/selway-machine-tool-company-inc-401k-plan)

© 2026 PlanProvider.Pro