Plan Snapshot
- Plan Sponsor: Simco Logistics, LLC
- Sponsor EIN: 232013600
- Sponsor Address: 101 COMMERCE DRIVE, MOORESTOWN, NJ, 08057
- Plan Type: DC
- Total Participants: 182
- Total Assets: $12.0M
Key Plan Design Features
- Auto-Enrollment: No
- 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. |
|---|---|---|---|---|
| 2023 | 182 | $12.0M | $346,137 | $559,119 |
| 2022 | 166 | $10.4M | $335,941 | $536,782 |
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 |
|---|---|---|---|---|
| PURSHE KAPLAN STERLING INV | ADVISOR | — | $36,952 | $36,952 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $7,550 | — | $7,550 |
| BAKER TILLY US, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PURSHE KAPLAN STERLING INV — ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- BAKER TILLY US, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $44,502
- Estimated Expense Ratio: 0.370% 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 |
|---|---|---|---|---|---|
| 2023 | $3,774 | — | — | — | — |
| 2022 | $8,651 | — | — | — | — |