Plan Snapshot
- Plan Sponsor: Shapiro & Duncan INC.
- Sponsor EIN: 521069819
- Sponsor Address: 14620 ROTHGEB DRIVE, ROCKVILLE, MD, 20850
- Plan Type: 401(k)
- Total Participants: 359
- Total Assets: $53.8M
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 | 359 | $53.8M | $2.0M | $2.7M |
| 2023 | 356 | $46.9M | $2.0M | $2.6M |
| 2022 | 338 | $38.8M | $2.9M | $2.4M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $48,873 | — | $48,873 |
| KESTRA ADVISORY SERVICES LLC | INVESTMENT ADVISOR | $28,940 | — | $28,940 |
| COHNREZNICK | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $77,813
- Estimated Expense Ratio: 0.145% 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 | $75,160 | — | $75,160 | — | — |
| 2023 | $135,787 | $43,966 | $91,821 | — | — |
| 2022 | $185,013 | $55,000 | $128,988 | — | — |