Plan Snapshot
- Plan Sponsor: Skf Usa INC.
- Sponsor EIN: 231043740
- Sponsor Address: 801 LAKEVIEW DR., BLUE BELL, PA, 194221961
- Plan Type: DB
- Total Participants: 885
- Total Assets: $613.5M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 885 | $613.5M | $20.0M | $0 |
| 2023 | 973 | $659.7M | $20.0M | $0 |
| 2022 | 1,067 | $680.1M | $20.0M | $0 |
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 |
|---|---|---|---|---|
| BAKER TILLY US, LLP | Auditor | $19,250 | — | $19,250 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BAKER TILLY US, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $19,250
- Estimated Expense Ratio: 0.003% 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 | $5,021,064 | $48,501 | — | $19,250 | — |
| 2023 | $6,627,035 | $70,764 | — | $43,025 | — |
| 2022 | $6,528,563 | $3,284,390 | — | — | — |