# Sumitomo Electric U.S.A Holdings, INC. 401(k) Plan
Source: https://planprovider.pro/companies/sumitomo-electric-u-s-a-holdings-inc-401k-plan

> Sumitomo Electric U.S.A Holdings, INC.'s 401(k) plan: 1,912 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/the-wagner-law-group) — ATTORNEY

- [BORIS, BENIC & ASSOCIATES LLP](https://planprovider.pro/provider/boris-benic-and-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|

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