Plan Snapshot
- Plan Sponsor: Speedy Metals, LLC
- Sponsor EIN: 392027025
- Sponsor Address: 2505 S. 162ND STREET, NEW BERLIN, WI, 53151
- Plan Type: 401(k)
- Total Participants: 133
- Total Assets: $5.8M
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 | 133 | $5.8M | $266,610 | $350,340 |
| 2023 | 150 | $6.6M | $279,181 | $355,868 |
| 2022 | 145 | $5.7M | $294,428 | $376,618 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INS CO OF AMERICA | Recordkeeper | $41,045 | — | $41,045 |
| KESTRA ADVISORY SERVICES LLC | Investment Advisor | $19,127 | — | $19,127 |
| INTEGRITY RETIREMENT PLAN SERVICES | Other Service Provider | $2,259 | $6,375 | $8,634 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $68,806
- Estimated Expense Ratio: 1.193% 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 | $58,076 | — | $20 | — | — |
| 2023 | $53,919 | — | $3,622 | — | — |
| 2022 | $55,856 | — | — | — | — |