Plan Snapshot
- Plan Sponsor: Standard Motor Products, INC.
- Sponsor EIN: 111362020
- Sponsor Address: 3718 NORTHERN BLVD, LONG ISLAND CITY, NY, 111011616
- Plan Type: 401(k)
- Total Participants: 1,915
- Total Assets: $365.7M
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 | 1,915 | $365.7M | $9.9M | $15.8M |
| 2023 | 1,786 | $350.9M | $9.9M | $15.8M |
| 2022 | 1,759 | $302.3M | $9.2M | $15.2M |
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. | ADVISOR | $251,730 | — | $251,730 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $164,857 | — | $164,857 |
| CROWE LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $416,587
- Estimated Expense Ratio: 0.114% 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 | $649,699 | $472,183 | $300 | — | — |
| 2023 | $717,487 | $507,878 | $300 | — | — |
| 2022 | $764,119 | $517,654 | — | — | — |