Plan Snapshot
- Plan Sponsor: The Specialty Mfg. Co.
- Sponsor EIN: 410673819
- Sponsor Address: 5858 CENTERVILLE RD, SAINT PAUL, MN, 551276804
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 224
- Total Assets: $54.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 224 | $54.0M | $2.7M | $710,285 |
| 2023 | 230 | $49.2M | $2.6M | $701,674 |
| 2022 | 242 | $47.6M | $3.0M | $737,708 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $149,650 | — | $149,650 |
| RBC CAPITAL MARKETS, LLC | Investment Advisor | — | $88,261 | $88,261 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RBC CAPITAL MARKETS, LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $237,911
- Estimated Expense Ratio: 0.440% 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 | $149,650 | — | $149,650 | — | — |
| 2023 | $136,813 | — | $136,813 | — | — |
| 2022 | $123,390 | — | $123,390 | — | — |