Plan Snapshot
- Plan Sponsor: Steinway Musical Instruments, INC.
- Sponsor EIN: 351910745
- Sponsor Address: ONE STEINWAY PLACE, ASTORIA, NY, 11105
- Plan Type: DB
- Total Participants: 54
- Total Assets: $61.1M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 54 | $61.1M | $0 | $0 |
| 2023 | 79 | $65.1M | $0 | $0 |
| 2022 | 92 | $56.7M | $0 | $0 |
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 | $23,520 | — | $23,520 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $23,520
- Estimated Expense Ratio: 0.039% 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 | $517,509 | $69,700 | — | $23,520 | — |
| 2023 | $1,338,949 | $70,000 | — | — | — |
| 2022 | $1,233,598 | $87,500 | — | — | $65,400 |