Plan Snapshot
- Plan Sponsor: Storage Asset Management, LLC
- Sponsor EIN: 272449301
- Sponsor Address: 3501 CONCORD ROAD, YORK, PA, 17402
- Plan Type: 401(k)
- Total Participants: 664
- Total Assets: $7.4M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 664 | $7.4M | $648,079 | $965,382 |
| 2023 | 661 | $5.7M | $591,996 | $823,998 |
| 2022 | 545 | $4.1M | $445,291 | $632,769 |
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 |
|---|---|---|---|---|
| CAPITAL GROUP RETIREMENT PLAN SERVI | Recordkeeper | $34,136 | — | $34,136 |
| EDWARD JONES | Other Service Provider | $27,455 | — | $27,455 |
| SIEGEL ACTUARIAL CONSULTING, INC. | Other Service Provider | $9,510 | — | $9,510 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CAPITAL GROUP RETIREMENT PLAN SERVI — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $71,101
- Estimated Expense Ratio: 0.956% 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 | $76,045 | — | $56,001 | — | — |
| 2023 | $57,164 | — | $48,805 | — | — |
| 2022 | $62,594 | — | — | — | — |