Plan Snapshot
- Plan Sponsor: Sumitomo Mitsui Banking Corporation
- Sponsor EIN: 135611820
- Sponsor Address: 277 PARK AVENUE, NEW YORK, NY, 10172
- Plan Type: DB
- Total Participants: 4,100
- Total Assets: $341.9M
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 | 4,100 | $341.9M | $60.0M | $0 |
| 2023 | 3,661 | $281.0M | $20.0M | $0 |
| 2022 | 2,996 | $242.1M | $14.0M | $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 |
|---|---|---|---|---|
| COHNREZNICK LLP | NONE | $86,800 | — | $86,800 |
| USI CONSULTING GROUP | NONE | $75,564 | — | $75,564 |
| NIXON PEABODY LLP | NONE | $5,052 | — | $5,052 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NIXON PEABODY LLP — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $167,416
- Estimated Expense Ratio: 0.049% 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 | $1,179,903 | — | — | — | — |
| 2023 | $1,341,537 | — | — | — | — |
| 2022 | $411,684 | — | — | — | — |