# Sifco Industries, INC. DB Plan
Source: https://planprovider.pro/companies/sifco-industries-inc-340553950-003

> Sifco Industries, INC.'s DB plan: 69 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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