Plan Snapshot
- Plan Sponsor: Sifco Industries, INC.
- Sponsor EIN: 340553950
- Sponsor Address: 970 EAST 64TH STREET, CLEVELAND, OH, 44103
- Plan Type: 401(k)
- Total Participants: 146
- Total Assets: $19.3M
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 | 146 | $19.3M | $557,419 | $949,861 |
| 2023 | 140 | $19.4M | $481,938 | $910,585 |
| 2022 | 188 | $17.1M | $483,341 | $784,078 |
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 | Recordkeeper | $32,623 | — | $32,623 |
| GLOBAL RETIREMENT PARTNERS LLC | Investment Advisor | $26,778 | — | $26,778 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $7,286 | — | $7,286 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $66,687
- Estimated Expense Ratio: 0.346% 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 | $66,084 | $34,064 | — | — | — |
| 2023 | $63,129 | $30,664 | — | — | — |
| 2022 | $65,952 | — | $65,952 | — | — |