Plan Snapshot
- Plan Sponsor: Sumitomo Machinery Corporation Of America
- Sponsor EIN: 221815055
- Sponsor Address: 4200 HOLLAND BLVD, CHESAPEAKE, VA, 23323
- Plan Type: DB
- Total Participants: 317
- Total Assets: $55.6M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 317 | $55.6M | $2.1M | $0 |
| 2023 | 361 | $55.9M | $0 | $0 |
| 2022 | 371 | $53.6M | $4.5M | $0 |
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, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PB MARES, LLC — 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 | $301,955 | $34,686 | $204,346 | — | — |
| 2023 | $445,818 | $33,548 | $233,438 | — | — |
| 2022 | $273,537 | $33,080 | $184,929 | — | — |