Plan Snapshot
- Plan Sponsor: Sifco Industries, INC.
- Sponsor EIN: 340553950
- Sponsor Address: 970 EAST 64TH STREET, CLEVELAND, OH, 441031620
- Plan Type: DB
- Plan Number: 003
- Total Participants: 69
- Total Assets: $3.6M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 69 | $3.6M | $105,234 | $0 |
| 2023 | 76 | $3.6M | $0 | $0 |
| 2022 | 159 | $3.8M | $0 | $0 |
| 2020 | 105 | $5.2M | $0 | $0 |
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 |
|---|---|---|---|---|
| MATRIX TRUST COMPANY | Custodian / Trustee | $21,909 | — | $21,909 |
| USI CONSULTING GROUP | Actuary | $15,448 | — | $15,448 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $37,357
- Estimated Expense Ratio: 1.049% 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 | $103,663 | $16,112 | $18,904 | — | — |
| 2023 | $141,375 | $141,375 | — | — | — |
| 2022 | $536,366 | $55,189 | — | — | — |
| 2020 | $22,693 | $9,132 | $11,729 | — | — |