Plan Snapshot
- Plan Sponsor: Sumitomo Corporation Of Americas
- Sponsor EIN: 135612163
- Sponsor Address: 300 MADISON AVENUE, NEW YORK, NY, 10017
- Plan Type: 401(k)
- Total Participants: 2,101
- Total Assets: $406.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 2,101 | $406.0M | $10.6M | $18.1M |
| 2023 | 2,053 | $355.8M | $9.8M | $16.8M |
| 2022 | 1,939 | $304.7M | $8.6M | $15.1M |
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 |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS | RECORD KEEPER | $389,576 | — | $389,576 |
| NEPC, LLC | INVESTMENT ADVISOR | $72,035 | — | $72,035 |
| EPSTEIN BECKER & GREEN P.C. | CONSULTANT | $27,633 | — | $27,633 |
| LBMC, PC | AUDITOR | $5,500 | — | $5,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — RECORD KEEPER
- NEPC, LLC — INVESTMENT ADVISOR
- EPSTEIN BECKER & GREEN P.C. — CONSULTANT
- LBMC, PC — AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $494,744
- Estimated Expense Ratio: 0.122% 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 | $500,268 | $77,559 | — | $5,500 | — |
| 2023 | $440,543 | $57,863 | — | $15,000 | — |
| 2022 | $402,352 | $309,837 | $56,507 | — | $36,008 |