Plan Snapshot
- Plan Sponsor: Alphasense, INC.
- Sponsor EIN: 264324106
- Sponsor Address: 24 UNION SQUARE EAST, NEW YORK, NY, 100033201
- Plan Type: 401(k)
- Total Participants: 687
- Total Assets: $37.0M
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 | 687 | $37.0M | $2.1M | $7.6M |
| 2023 | 674 | $21.1M | $1.7M | $6.0M |
| 2022 | 438 | $7.9M | $0 | $3.3M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $141,745 | — | $141,745 |
| CITRIN COOPERMAN & COMAPNY LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $141,745
- Estimated Expense Ratio: 0.383% 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 | $142,104 | — | $142,104 | — | — |
| 2023 | $77,183 | — | $76,933 | — | — |
| 2022 | $3,211 | — | $3,211 | — | — |