# Sorinex Exercise Equipment, INC. 401(k) Plan
Source: https://planprovider.pro/companies/sorinex-exercise-equipment-inc-plan-334

> Sorinex Exercise Equipment, INC.&#39;s 401(k) plan: 142 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Sorinex Exercise Equipment, INC.

- **Sponsor EIN:** 571031278

- **Sponsor Address:** 193 LITTON DRIVE, LEXINGTON, SC, 29073

- **Plan Type:** 401(k)

- **Total Participants:** 142

- **Total Assets:** $2.0M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **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|142|$2.0M|$55,178|$286,440|

| 2023|143|$1.5M|$87,047|$250,180|

| 2022|132|$1.1M|$82,248|$247,582|

## 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|

| STANCORP FINANCIAL GROUP|NONE|$32,291|—|$32,291|

| MAULDIN & JENKINS, LLC|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [STANCORP FINANCIAL GROUP](https://planprovider.pro/provider/charles-schwab-and-co-inc) — NONE

- [MAULDIN & JENKINS, LLC](https://planprovider.pro/provider/mauldin-and-jenkins-llc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $32,291

- **Estimated Expense Ratio:** 1.621% 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|$7,829|—|$7,829|—|—|

| 2023|$9,402|—|$9,402|—|—|

| 2022|$10,949|—|$10,949|—|—|

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