Plan Snapshot
- Plan Sponsor: Sofidel America Corp.
- Sponsor EIN: 371700146
- Sponsor Address: 300 WELSH ROAD BUILDING ONE, 2ND FL, HORSHAM, PA, 19044
- Plan Type: 401(k)
- Total Participants: 1,762
- Total Assets: $63.1M
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 | 1,762 | $63.1M | $3.6M | $8.2M |
| 2023 | 1,551 | $51.6M | $3.0M | $6.8M |
| 2022 | 1,675 | $38.3M | $2.6M | $6.1M |
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 |
|---|---|---|---|---|
| FUNARO & CO.,P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FUNARO & CO.,P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $288,290 | $37,064 | — | — | — |
| 2023 | $224,585 | $26,028 | — | — | — |
| 2022 | $174,997 | $19,945 | $155,052 | — | — |