Plan Snapshot
- Plan Sponsor: Sumitomo Machinery Corporation Of America
- Sponsor EIN: 221815055
- Sponsor Address: 4200 HOLLAND BLVD, CHESAPEAKE, VA, 233231525
- Plan Type: 401(k)
- Total Participants: 495
- Total Assets: $70.4M
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 | 495 | $70.4M | $1.3M | $4.2M |
| 2023 | 502 | $63.5M | $1.2M | $3.8M |
| 2022 | 456 | $55.3M | $951,070 | $3.3M |
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 |
|---|---|---|---|---|
| PB MARES, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PB MARES, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $129,388 | $18,487 | $110,901 | — | — |
| 2023 | $116,636 | $22,896 | $93,740 | — | — |
| 2022 | $108,743 | $18,486 | $90,257 | — | — |