Plan Snapshot
- Plan Sponsor: Sigma Electric Manufacturing Corporation
- Sponsor EIN: 720926749
- Sponsor Address: 120 SIGMA DRIVE, GARNER, NC, 27529
- Plan Type: 401(k)
- Total Participants: 376
- Total Assets: $24.0M
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 | 376 | $24.0M | $666,720 | $1.6M |
| 2023 | 404 | $22.4M | $567,873 | $1.3M |
| 2022 | 346 | $20.1M | $377,406 | $572,137 |
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 |
|---|---|---|---|---|
| RKL LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RKL LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $101,548 | — | $101,548 | — | — |
| 2023 | $94,370 | — | $94,370 | — | — |
| 2022 | $40,291 | — | $33,541 | — | $6,750 |