Plan Snapshot
- Plan Sponsor: Standard Process INC.
- Sponsor EIN: 390762936
- Sponsor Address: 1200 WEST ROYAL LEE DRIVE, PALMYRA, WI, 53156
- Plan Type: 401(k)
- Total Participants: 653
- Total Assets: $131.0M
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 | 653 | $131.0M | $6.5M | $4.9M |
| 2023 | 648 | $115.1M | $7.6M | $4.5M |
| 2022 | 559 | $93.1M | $6.3M | $3.4M |
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 |
|---|---|---|---|---|
| FRANCIS LLC | NONE | $128,735 | — | $128,735 |
| T ROWE PRICE RPS INC | NONE | $68,918 | — | $68,918 |
| VRAKAS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FRANCIS LLC — NONE
- VRAKAS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $197,653
- Estimated Expense Ratio: 0.151% 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 | $198,050 | $128,735 | — | — | — |
| 2023 | $180,426 | $10,264 | — | — | — |
| 2022 | $171,264 | $109,700 | — | — | $600 |