Plan Snapshot
- Plan Sponsor: Shamit Management INC.
- Sponsor EIN: 300175485
- Sponsor Address: 4465 MONTGOMERY ROAD, ELLICOTT CITY, MD, 21043
- Plan Type: 401(k)
- Total Participants: 217
- Total Assets: $3.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 217 | $3.2M | $66,775 | $422,767 |
| 2023 | 210 | $2.6M | $42,760 | $360,958 |
| 2022 | 195 | $2.0M | $45,217 | $315,814 |
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 |
|---|---|---|---|---|
| BETHKE CPA LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BETHKE CPA LLC — Auditor
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 | $24,675 | $7,941 | — | — | — |
| 2023 | $19,820 | $6,039 | — | — | — |
| 2022 | $21,629 | — | — | — | — |