Plan Snapshot
- Plan Sponsor: Static Control Components, INC.
- Sponsor EIN: 561576062
- Sponsor Address: 3010 LEE AVE, SANFORD, NC, 27332
- Plan Type: 401(k)
- Total Participants: 114
- Total Assets: $16.7M
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 | 114 | $16.7M | $87,309 | $578,353 |
| 2023 | 143 | $14.9M | $97,851 | $562,044 |
| 2022 | 144 | $15.4M | $95,053 | $573,790 |
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 |
|---|---|---|---|---|
| DMJPS PLLC | Auditor | $4,231 | — | $4,231 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $4,231
- Estimated Expense Ratio: 0.025% 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 | $58,996 | $39,178 | — | $4,231 | — |
| 2023 | $37,706 | $37,031 | — | — | — |
| 2022 | $45,130 | — | $45,130 | — | — |