Plan Snapshot
- Plan Sponsor: Sterling Medical Corporation
- Sponsor EIN: 311278260
- Sponsor Address: 411 OAK STREET, CINCINNATI, OH, 45219
- Plan Type: 401(k)
- Total Participants: 648
- Total Assets: $15.3M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 648 | $15.3M | $22,831 | $1.3M |
| 2023 | 623 | $14.3M | $28,126 | $1.4M |
| 2022 | 696 | $12.8M | $29,902 | $1.7M |
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 |
|---|---|---|---|---|
| NFP RETIREMENT INC | ADVISOR | $51,531 | — | $51,531 |
| TRANSAMERICA RETIREMENT SOLUTIONS | RECORDKEEPER | $41,235 | — | $41,235 |
| DEAN DORTON ALLEN FORD PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NFP RETIREMENT INC — ADVISOR
- TRANSAMERICA RETIREMENT SOLUTIONS — RECORDKEEPER
- DEAN DORTON ALLEN FORD PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $92,766
- Estimated Expense Ratio: 0.606% 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 | $92,766 | $51,531 | — | — | — |
| 2023 | $90,328 | $47,773 | — | — | — |
| 2022 | $100,678 | $48,100 | — | — | — |