Plan Snapshot
- Plan Sponsor: Shermco Industries, INC.
- Sponsor EIN: 751441394
- Sponsor Address: 2425 EAST PIONEER DRIVE, IRVING, TX, 75061
- Plan Type: 401(k)
- Total Participants: 1,083
- Total Assets: $77.2M
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 | 1,083 | $77.2M | $2.5M | $8.0M |
| 2023 | 1,049 | $69.6M | $2.5M | $7.3M |
| 2022 | 938 | $54.2M | $2.3M | $6.4M |
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 |
|---|---|---|---|---|
| SCHWAB RETIREMENT PLAN SERVICES INC | NONE | $112,989 | — | $112,989 |
| CREATIVE PLANNING HOLDCO, LLC | NONE | $82,207 | — | $82,207 |
| CROWE LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $195,196
- Estimated Expense Ratio: 0.253% 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 | $197,745 | $101,275 | — | — | — |
| 2023 | $185,904 | $107,018 | — | — | — |
| 2022 | $234,634 | $126,432 | — | — | $23,500 |