Plan Snapshot
- Plan Sponsor: Storage Asset Management, LLC
- Sponsor EIN: 272449301
- Sponsor Address: 3501 CONCORD ROAD, YORK, PA, 17402
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 330
- Total Assets: $2.0M
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 | 330 | $2.0M | $3.2M | $996,452 |
| 2023 | 286 | $1.1M | $3.0M | $1.1M |
| 2022 | 280 | $171,653 | $334,189 | $244,022 |
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 |
|---|---|---|---|---|
| ENGLE HAMBRIGHT & DAVIES, INC. | Investment Advisor | $87,696 | — | $87,696 |
| THE BENECON GROUP, LLC | Investment Advisor | $58,487 | — | $58,487 |
| CONNECTCARE3 | Other Service Provider | $20,356 | — | $20,356 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $166,539
- Estimated Expense Ratio: 8.197% 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 | $165,929 | — | $165,929 | — | — |
| 2023 | $172,056 | — | $172,056 | — | — |
| 2022 | $52,981 | — | — | — | $52,981 |