# Simplex Industries INC 401(k) Plan
Source: https://planprovider.pro/companies/simplex-industries-inc-401k-plan

> Simplex Industries INC's 401(k) plan: 131 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/snyder-and-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|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/simplex-industries-inc-401k-plan)

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