Plan Snapshot
- Plan Sponsor: Sterling Management, Ltd.
- Sponsor EIN: 351494125
- Sponsor Address: 3900 EDISON LAKES PARKWAY, SUITE 20, MISHAWAKA, IN, 46545
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 240
- Total Assets: $246,584
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 | 240 | $246,584 | $3.2M | $411,027 |
| 2023 | 240 | $53,304 | $1.8M | $520,712 |
| 2022 | 203 | $31,082 | $812,151 | $603,966 |
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 |
|---|---|---|---|---|
| AUXIANT | Other Service Provider | $127,637 | — | $127,637 |
| LM HENDERSON & CO., LLP | Other Service Provider | $9,525 | — | $9,525 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $137,162
- Estimated Expense Ratio: 55.625% 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 | $237,259 | — | $166,110 | $9,500 | — |
| 2023 | $349,252 | — | $215,314 | — | — |
| 2022 | $234,619 | $12 | $176,636 | — | $57,971 |