Plan Snapshot
- Plan Sponsor: Society Of Manufacturing Engineers
- Sponsor EIN: 380298770
- Sponsor Address: 1000 TOWN CENTER, SOUTHFIELD, MI, 48075
- Plan Type: 403(b)
- Plan Number: 002
- Total Participants: 236
- Total Assets: $43.7M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 236 | $43.7M | $1.3M | $2.0M |
| 2023 | 213 | $37.0M | $1.1M | $1.8M |
| 2022 | 195 | $30.9M | $1.0M | $1.6M |
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 |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | Investment Advisor | $10,356 | — | $10,356 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $10,356
- Estimated Expense Ratio: 0.024% 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 | $11,144 | $10,356 | — | — | — |
| 2023 | $12,046 | $11,133 | — | — | — |
| 2022 | $9,441 | $8,628 | — | — | — |