# Standard Motor Products, INC. 401(k) Plan
Source: https://planprovider.pro/companies/standard-motor-products-inc-401k-plan-010

> Standard Motor Products, INC.&#39;s 401(k) plan: 1,915 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/creative-planning) — ADVISOR

- [FIDELITY INVESTMENTS INSTITUTIONAL](https://planprovider.pro/provider/fidelity-investments) — 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|—|—|—|

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- [Employee Stock Ownership Plan And Trust Of Standard Motor Products, In](https://planprovider.pro/companies/employee-stock-ownership-plan-and-trust-of-standard-motor-products-in-plan) — 1,908 participants

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