Plan Snapshot
- Plan Sponsor: Shaner Operating Corp
- Sponsor EIN: 161379569
- Sponsor Address: 1965 WADDLE RD, STATE COLLEGE, PA, 168031639
- Plan Type: 401(k)
- Total Participants: 1,714
- Total Assets: $29.9M
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 | 1,714 | $29.9M | $1 | $2.5M |
| 2023 | 1,635 | $26.4M | $867,118 | $2.3M |
| 2022 | 1,214 | $22.3M | $543,236 | $2.0M |
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 | $147,508 | — | $147,508 |
| SHANER HOTEL HOLDINGS | OTHER SERVICES | — | $12,312 | $12,312 |
| REVERE ASSET MANAGEMENT INC | INV ADV, PARTICIPANTS | $6,126 | — | $6,126 |
| BAKER TILLY US LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BAKER TILLY US LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $165,946
- Estimated Expense Ratio: 0.555% 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 | $153,712 | — | $147,586 | — | — |
| 2023 | $132,172 | — | $127,041 | — | — |
| 2022 | $125,259 | — | $122,705 | — | — |