Plan Snapshot
- Plan Sponsor: Sherwood Mechanical, INC.
- Sponsor EIN: 680565225
- Sponsor Address: 6630 TOP GUN ST, SAN DIEGO, CA, 921214112
- Plan Type: 401(k)
- Total Participants: 195
- Total Assets: $12.5M
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 | 195 | $12.5M | $625,247 | $766,116 |
| 2023 | 91 | $1.6M | $8,389 | $0 |
| 2022 | 132 | $11.1M | $187,176 | $488,484 |
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 | $57,634 | — | $57,634 |
| NFP RETIREMENT INC. | INVESTMENT ADVISORY | — | $30,142 | $30,142 |
| ALDRICH CPAS AND ADVISORS LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NFP RETIREMENT INC. — INVESTMENT ADVISORY
- ALDRICH CPAS AND ADVISORS LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $87,776
- Estimated Expense Ratio: 0.702% 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 | $57,635 | — | $57,635 | — | — |
| 2023 | $30 | — | — | — | — |
| 2022 | $54,934 | — | $54,934 | — | — |