Plan Snapshot
- Plan Sponsor: Sumida America INC.
- Sponsor EIN: 381585816
- Sponsor Address: 5800 MOODY DR, CLARKSTON, MI, 48348
- Plan Type: 401(k)
- Total Participants: 270
- Total Assets: $16.8M
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. |
|---|---|---|---|---|
| 2024 | 270 | $16.8M | $488,994 | $984,488 |
| 2023 | 243 | $14.9M | $472,302 | $871,677 |
| 2022 | 234 | $13.5M | $367,206 | $840,805 |
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 |
|---|---|---|---|---|
| DOYLE & ASSOCIATES, PLLC | Auditor | $17,704 | — | $17,704 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $17,704
- Estimated Expense Ratio: 0.105% 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 | $102,787 | $40,290 | — | $17,704 | — |
| 2023 | $75,971 | $3,913 | — | — | — |
| 2022 | $83,861 | $816 | — | — | — |