Plan Snapshot
- Plan Sponsor: Simplex Industries INC
- Sponsor EIN: 231739146
- Sponsor Address: 1 SIMPLEX DRIVE, SCRANTON, PA, 185041420
- Plan Type: 401(k)
- Total Participants: 131
- Total Assets: $8.8M
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 | 131 | $8.8M | $72,505 | $391,005 |
| 2023 | 129 | $8.1M | $91,308 | $448,080 |
| 2022 | 141 | $7.0M | $96,954 | $473,062 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $39,302 | — | $39,302 |
| MERRILL LYNCH PIERCE FENNER & SMITH | CONSULTANT | $25,290 | $12 | $25,302 |
| SNYDER & CLEMENTE | ACCOUNTANT | — | $9,000 | $9,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SNYDER & CLEMENTE — ACCOUNTANT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $73,604
- Estimated Expense Ratio: 0.838% 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 | $64,592 | $12,645 | $39,302 | — | — |
| 2023 | $57,315 | $10,948 | $35,636 | — | — |
| 2022 | $54,196 | $10,327 | $33,543 | — | $10,326 |