# Sumitomo Mitsui Banking Corporation DB Plan
Source: https://planprovider.pro/companies/sumitomo-mitsui-banking-corporation-plan

> Sumitomo Mitsui Banking Corporation's DB plan: 4,100 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|—|—|—|—|

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