Plan Snapshot
- Plan Sponsor: Simpson Electric Company
- Sponsor EIN: 560787504
- Sponsor Address: 9048 NORTHFIELD DRIVE, FORT MILL, SC, 29707
- Plan Type: 401(k)
- Total Participants: 92
- Total Assets: $4.6M
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 | 92 | $4.6M | $64,465 | $315,846 |
| 2023 | 97 | $4.0M | $60,047 | $295,925 |
| 2022 | 92 | $3.1M | $60,108 | $290,908 |
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 |
|---|---|---|---|---|
| AAPG, LLP | Auditor | — | — | $0 |
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 | $15,718 | — | $15,718 | — | — |
| 2023 | $15,582 | — | $15,582 | — | — |
| 2022 | $20,912 | — | $20,912 | — | — |