Plan Snapshot
- Plan Sponsor: Aeris Communications, INC.
- Sponsor EIN: 770328878
- Sponsor Address: 1731 TECHNOLOGY DRIVE, SUITE 800, SAN JOSE, CA, 95110
- Plan Type: 401(k)
- Total Participants: 115
- Total Assets: $16.2M
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 | 115 | $16.2M | $0 | $1.6M |
| 2023 | 68 | $15.0M | $0 | $1.3M |
| 2022 | 93 | $12.0M | $0 | $1.3M |
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 |
|---|---|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH | Other Service Provider | $35,015 | $21 | $35,036 |
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $25,995 | — | $25,995 |
| PLAN DESIGN CONSULTANTS INC | Recordkeeper | $1,035 | $5,058 | $6,093 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $67,124
- Estimated Expense Ratio: 0.413% 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 | $62,056 | $17,513 | $27,030 | — | — |
| 2023 | $50,777 | $14,098 | $22,581 | — | — |
| 2022 | $57,021 | $16,590 | $23,841 | — | $16,590 |