Plan Snapshot
- Plan Sponsor: Sumiriko Tennessee, INC.
- Sponsor EIN: 311474377
- Sponsor Address: 150 HESTER LANE, TAZEWELL, TN, 37879
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 1,292
- Total Assets: $29.8M
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 | 1,292 | $29.8M | $0 | $0 |
| 2024 | 1,181 | $26.0M | $1.2M | $2.0M |
| 2023 | 1,307 | $24.2M | $1.4M | $2.0M |
| 2022 | 1,741 | $22.1M | $1.4M | $1.9M |
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 |
|---|---|---|---|---|
| SAUNDERS COOK & SEARLE ASSET MGT | Investment Advisor | $91,398 | — | $91,398 |
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $27,753 | — | $27,753 |
| CLEARPOINT CPAS PC | Other Service Provider | $7,500 | — | $7,500 |
| RODEFER MOSS & CO PLLC | Auditor | $7,500 | — | $7,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $134,151
- Estimated Expense Ratio: 0.451% 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 | $2,399,777 | $15,122 | — | — | — |
| 2024 | -$21,784 | $14,835 | — | — | — |
| 2023 | $77,870 | $77,870 | — | — | — |
| 2022 | $76,150 | — | $76,150 | — | — |