Plan Snapshot
- Plan Sponsor: Simutech Group, INC.
- Sponsor EIN: 161578599
- Sponsor Address: 500 PARKER HILL DRIVE RD, ROCHESTER, NY, 14625
- Plan Type: 401(k)
- Total Participants: 110
- Total Assets: $13.7M
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 | 110 | $13.7M | $180,565 | $1.1M |
| 2023 | 103 | $11.7M | $210,688 | $1.3M |
| 2022 | 103 | $10.0M | $174,345 | $1.1M |
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 |
|---|---|---|---|---|
| EMPOWER LIFE & ANNUITY INSURANCE CO | RECORDKEEPER | $33,184 | — | $33,184 |
| CADARET GRANT & CO INC | BROKER/ADVISER | — | $26,600 | $26,600 |
| THE WATERFORD GROUP LLC | INVESTMENT ADVISOR | $16,162 | — | $16,162 |
| 1RDG | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- 1RDG — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $75,946
- Estimated Expense Ratio: 0.555% 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 | $49,346 | $16,162 | — | — | — |
| 2023 | $42,358 | — | — | — | — |
| 2022 | $23,309 | — | $23,309 | — | — |