Plan Snapshot
- Plan Sponsor: Storm Industries, INC.
- Sponsor EIN: 953119382
- Sponsor Address: 970 W 190TH STREET SUITE 995, TORRANCE, CA, 90502
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 186
- Total Assets: $26.8M
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. |
|---|---|---|---|---|
| 2025 | 186 | $26.8M | $0 | $0 |
| 2024 | 144 | $26.1M | $478,237 | $1.2M |
| 2023 | 149 | $24.8M | $455,609 | $1.1M |
| 2022 | 139 | $20.2M | $452,378 | $1.1M |
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 |
|---|---|---|---|---|
| LOCKTON INVESTMENT SECURITIES LLC | Investment Advisor | $48,956 | — | $48,956 |
| T. ROWE PRICE | Recordkeeper | $15,558 | — | $15,558 |
| ACTUARIAL BENEFITS CORP | Other Service Provider | $15,077 | — | $15,077 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $79,591
- Estimated Expense Ratio: 0.297% 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 |
|---|---|---|---|---|---|
| 2025 | $4,405,410 | — | $84,846 | — | — |
| 2024 | $84,767 | — | $84,767 | — | — |
| 2023 | $70,472 | $70,472 | — | — | — |
| 2022 | $64,371 | — | $64,371 | — | — |