Plan Snapshot
- Plan Sponsor: Steinway Musical Instruments, INC.
- Sponsor EIN: 351910745
- Sponsor Address: ONE STEINWAY PLACE, ASTORIA, NY, 11105
- Plan Type: DC
- Total Participants: 187
- Total Assets: $47.6M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 187 | $47.6M | $1.2M | $1.6M |
| 2023 | 180 | $42.5M | $1.2M | $1.7M |
| 2022 | 188 | $36.1M | $1.2M | $1.6M |
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 |
|---|---|---|---|---|
| AAFCPA'S, INC. | Auditor | $16,800 | — | $16,800 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $16,800
- Estimated Expense Ratio: 0.035% 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 | $106,591 | $40,000 | — | $16,800 | — |
| 2023 | $103,539 | $40,027 | — | $13,167 | — |
| 2022 | $98,186 | $40,000 | — | — | $58,186 |