Plan Snapshot
- Plan Sponsor: Shin-Etsu Silicones Of America, INC.
- Sponsor EIN: 954015700
- Sponsor Address: 1150 DAMAR DRIVE, AKRON, OH, 44305
- Plan Type: 401(k)
- Total Participants: 277
- Total Assets: $36.9M
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 | 277 | $36.9M | $813,492 | $1.5M |
| 2023 | 251 | $32.2M | $801,211 | $1.4M |
| 2022 | 262 | $27.7M | $780,109 | $1.2M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $117,445 | — | $117,445 |
| LPL FINANCIAL - RP | Investment Advisor | $31,026 | — | $31,026 |
| STRATOS WEALTH PARTNERS LLC | Investment Advisor | $19,780 | — | $19,780 |
| CBIZ BENEFITS & INS SERVICES INC | Recordkeeper | $750 | $14,000 | $14,750 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $183,001
- Estimated Expense Ratio: 0.495% 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 | $103,796 | — | — | — | — |
| 2023 | $85,610 | — | $84,405 | — | — |
| 2022 | $57,698 | — | $57,698 | — | — |