Plan Snapshot
- Plan Sponsor: Shearer'S Foods, LLC
- Sponsor EIN: 341319359
- Sponsor Address: 100 LINCOLN WAY EAST, MASSILLON, OH, 44646
- Plan Type: 401(k)
- Total Participants: 4,452
- Total Assets: $134.1M
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 | 4,452 | $134.1M | $4.6M | $16.0M |
| 2023 | 4,447 | $117.5M | $4.2M | $14.9M |
| 2022 | 4,269 | $94.2M | $3.3M | $13.1M |
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 | $428,098 | — | $428,098 |
| GLOBAL RETIREMENT PARTNE | INVESTMENT ADVISORY | $73,139 | $16 | $73,155 |
| SIKICH CPA LLC | ACCOUNTANT | $10,500 | — | $10,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GLOBAL RETIREMENT PARTNE — INVESTMENT ADVISORY
- SIKICH CPA LLC — ACCOUNTANT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $511,753
- Estimated Expense Ratio: 0.382% 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 | $425,237 | $33,139 | $392,098 | — | — |
| 2023 | $442,911 | $46,853 | $386,558 | $9,500 | — |
| 2022 | $419,521 | $40,000 | $379,521 | — | — |