Plan Snapshot
- Plan Sponsor: Sharp Electronics Corporation
- Sponsor EIN: 131968872
- Sponsor Address: 100 PARAGON DR, MONTVALE, NJ, 07645
- Plan Type: 401(k)
- Total Participants: 1,692
- Total Assets: $473.2M
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 | 1,692 | $473.2M | $6.5M | $16.7M |
| 2023 | 1,684 | $383.7M | $5.8M | $14.6M |
| 2022 | 1,593 | $332.4M | $5.6M | $13.7M |
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 |
|---|---|---|---|---|
| SCHWAB RETIREMENT PLAN SERVICES,INC | NONE | $114,793 | — | $114,793 |
| CAPFINANCIAL PARTNERS LLC | NONE | $78,000 | — | $78,000 |
| DAY PITNEY LLP | NONE | $18,979 | — | $18,979 |
| OCONNOR DAVIES LLP | NONE | $14,500 | — | $14,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHWAB RETIREMENT PLAN SERVICES,INC — NONE
- DAY PITNEY LLP — NONE
- OCONNOR DAVIES LLP — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $226,272
- Estimated Expense Ratio: 0.048% 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 | $226,272 | $78,000 | $2,569 | $14,500 | — |
| 2023 | $221,663 | $78,000 | $30,770 | — | — |
| 2022 | $252,092 | $83,275 | — | — | $33,945 |