# Sterling Machine Technologies, INC. 401(k) Plan
Source: https://planprovider.pro/companies/sterling-machine-technologies-inc-251792083-510

> Sterling Machine Technologies, INC.'s 401(k) plan: 29 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Sterling Machine Technologies, INC.

- **Sponsor EIN:** 251792083

- **Sponsor Address:** 220 KREIDER ROAD, PALMYRA, PA, 17078

- **Plan Type:** 401(k)

- **Plan Number:** 510

- **Total Participants:** 29

- **Total Assets:** $182,674

## 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|29|$182,674|$449,373|$26,040|

| 2023|30|$183,542|$596,413|$20,729|

| 2022|34|$192,248|$0|$0|

| 2021|30|$98,348|$0|$0|

| 2020|33|$87,680|$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|

| THE BENECON GROUP, LLC|Investment Advisor|$32,509|—|$32,509|

| PCI (PA CHAMBER INSURANCE)|Investment Advisor|$12,708|—|$12,708|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $45,217

- **Estimated Expense Ratio:** 24.753% 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|$498,736|—|—|—|—|

| 2023|$608,970|—|—|—|—|

| 2022|$350,032|—|—|—|—|

| 2021|$367,154|—|—|—|—|

| 2020|$296,382|—|—|—|—|

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