Plan Snapshot
- Plan Sponsor: Suominen Us Holding, INC.
- Sponsor EIN: 453291280
- Sponsor Address: 3 CHIRNSIDE RD, WINDSOR LOCKS, CT, 06096
- Plan Type: 401(k)
- Total Participants: 350
- Total Assets: $50.7M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 350 | $50.7M | $1.5M | $2.2M |
| 2023 | 301 | $46.1M | $1.3M | $2.1M |
| 2022 | 289 | $39.7M | $1.3M | $2.0M |
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 |
|---|---|---|---|---|
| CLIFTONLARSONALLEN LLP | Auditor | $44,147 | — | $44,147 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $44,147
- Estimated Expense Ratio: 0.087% 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 | $66,413 | $10,812 | — | $44,147 | — |
| 2023 | $20,386 | $9,488 | — | — | — |
| 2022 | $14,632 | $6,558 | — | — | — |