Plan Snapshot
- Plan Sponsor: Sumitomo Electric U.S.A Holdings, INC.
- Sponsor EIN: 561646307
- Sponsor Address: 600 5TH AVENUE18TH FLOOR, NEW YORK, NY, 10020
- Plan Type: 401(k)
- Total Participants: 1,912
- Total Assets: $246.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 1,912 | $246.1M | $4.6M | $8.3M |
| 2023 | 1,181 | $177.9M | $4.0M | $7.7M |
| 2022 | 1,122 | $158.1M | $3.1M | $7.0M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $159,265 | — | $159,265 |
| CAPFINANCIAL PARTNERS LLC DBA CAPTR | OTHER | $53,066 | — | $53,066 |
| THE WAGNER LAW GROUP | ATTORNEY | $40,000 | — | $40,000 |
| BORIS, BENIC & ASSOCIATES LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- THE WAGNER LAW GROUP — ATTORNEY
- BORIS, BENIC & ASSOCIATES LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $252,331
- Estimated Expense Ratio: 0.103% 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 | $241,598 | — | — | — | — |
| 2023 | $215,758 | $10,281 | $153,839 | — | — |
| 2022 | $232,242 | $48,117 | $157,542 | — | $23,878 |