Plan Snapshot
- Plan Sponsor: Answernet, INC.
- Sponsor EIN: 232967465
- Sponsor Address: 3930 COMMERCE AVENUE, WILLOW GROVE, PA, 190901705
- Plan Type: 401(k)
- Total Participants: 642
- Total Assets: $2.1M
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 | 642 | $2.1M | $99,061 | $388,263 |
| 2023 | 705 | $2.1M | $98,556 | $399,760 |
| 2022 | 635 | $1.3M | $80,047 | $314,827 |
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 |
|---|---|---|---|---|
| BRINKER SIMPSON & COMPANY, LLC | Auditor | — | — | $0 |
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 | $6,737 | $137 | $6,150 | — | — |
| 2023 | $5,559 | — | $5,559 | — | — |
| 2022 | $10,349 | — | — | — | $10,349 |