# Steinway Musical Instruments, INC. DB Plan
Source: https://planprovider.pro/companies/steinway-musical-instruments-inc-plan-002

> Steinway Musical Instruments, INC.'s DB plan: 54 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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