Plan Snapshot
- Plan Sponsor: Adnet Systems, INC.
- Sponsor EIN: 521731575
- Sponsor Address: 6720B ROCKLEGE DRIVE SUITE 504, BETHESDA, MD, 20817
- Plan Type: 401(k)
- Total Participants: 399
- Total Assets: $67.4M
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 | 399 | $67.4M | $1.0M | $4.1M |
| 2023 | 418 | $63.6M | $903,520 | $3.6M |
| 2022 | 306 | $53.5M | $767,396 | $2.9M |
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 |
|---|---|---|---|---|
| SIKICH CPA LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SIKICH CPA LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $180,633 | $116,955 | — | — | — |
| 2023 | $121,565 | $109,632 | — | — | — |
| 2022 | $124,014 | — | $124,014 | — | — |