Plan Snapshot
- Plan Sponsor: Abcom Technology Group, INC.
- Sponsor EIN: 831974953
- Sponsor Address: 50 ENGINEERS RD, HAUPPAUGE, NY, 11788
- Plan Type: 401(k)
- Total Participants: 278
- Total Assets: $22.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 278 | $22.1M | $216,711 | $1.4M |
| 2023 | 293 | $18.2M | $202,500 | $1.3M |
| 2022 | 255 | $13.9M | $152,084 | $1.0M |
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 |
|---|---|---|---|---|
| ASCENSUS LLC | Other Service Provider | $30,576 | — | $30,576 |
| BDG CPAS | Other Service Provider | $8,750 | — | $8,750 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $39,326
- Estimated Expense Ratio: 0.178% 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 | $42,873 | $3,546 | $30,577 | $8,750 | — |
| 2023 | $32,603 | $2,379 | $30,224 | — | — |
| 2022 | $25,393 | — | $25,393 | — | — |