Plan Snapshot
- Plan Sponsor: Sio2 Medical Products, LLC
- Sponsor EIN: 453988647
- Sponsor Address: 2425 INNOVATION DRIVE, AUBURN, AL, 36832
- Plan Type: 401(k)
- Total Participants: 99
- Total Assets: $7.5M
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 | 99 | $7.5M | $289,838 | $497,386 |
| 2023 | 118 | $8.3M | $444,666 | $758,560 |
| 2022 | 240 | $9.3M | $595,311 | $1.0M |
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 |
|---|---|---|---|---|
| MCDONALD FINANCIAL SERVICES LLC | Investment Advisor | $27,046 | — | $27,046 |
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $13,977 | — | $13,977 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $41,023
- Estimated Expense Ratio: 0.544% 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 | $41,023 | $27,046 | — | — | — |
| 2023 | $55,463 | $31,345 | — | — | — |
| 2022 | $85,412 | — | $85,412 | — | — |