Plan Snapshot
- Plan Sponsor: Singer Equipment Co., INC.
- Sponsor EIN: 231674739
- Sponsor Address: 150 SO TWIN VALLEY ROAD, ELVERSON, PA, 19520
- Plan Type: 401(k)
- Total Participants: 1,125
- Total Assets: $71.7M
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 | 1,125 | $71.7M | $1.9M | $5.6M |
| 2023 | 711 | $54.9M | $1.5M | $4.6M |
| 2022 | 682 | $44.7M | $1.2M | $4.0M |
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 |
|---|---|---|---|---|
| KINGSVIEW WEALTH MANAGEMENT LLC | OTHER | $70,141 | — | $70,141 |
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $45,581 | — | $45,581 |
| KINGSVIEW WEALTH MANAGEMENT | NONE | $19,292 | — | $19,292 |
| HERBEIN COMPANY, INC. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HERBEIN COMPANY, INC. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $135,014
- Estimated Expense Ratio: 0.188% 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 | $136,884 | $20,987 | $12,532 | — | — |
| 2023 | $108,345 | $71,489 | $36,856 | — | — |
| 2022 | $97,268 | $66,368 | $27,981 | — | — |