# Shermco Industries, INC. 401(k) Plan
Source: https://planprovider.pro/companies/shermco-industries-inc-401k-plan

> Shermco Industries, INC.'s 401(k) plan: 1,083 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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:

- [SCHWAB RETIREMENT PLAN SERVICES INC](https://planprovider.pro/provider/charles-schwab-and-co-inc) — NONE

- [CREATIVE PLANNING HOLDCO, LLC](https://planprovider.pro/provider/creative-planning) — NONE

## 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|

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