Plan Snapshot
- Plan Sponsor: Sterling Management, Ltd.
- Sponsor EIN: 351494125
- Sponsor Address: 3900 EDISON LAKES PARKWAY, MISHAWAKA, IN, 46545
- Plan Type: 401(k)
- Total Participants: 333
- Total Assets: $18.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 333 | $18.3M | $383,056 | $1.7M |
| 2023 | 329 | $16.1M | $347,967 | $1.5M |
| 2022 | 311 | $12.1M | $298,724 | $1.3M |
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 |
|---|---|---|---|---|
| L.M. HENDERSON & COMPANY, LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $108,677 | — | $108,677 | — | — |
| 2023 | $103,250 | — | $103,250 | — | — |
| 2022 | $117,790 | — | $85,626 | — | — |