Plan Snapshot
- Plan Sponsor: Appgate Cybersecurity, INC.
- Sponsor EIN: 814635215
- Sponsor Address: 2525 PONCE DE LEON BLVD, SUITE 300, CORAL GABLES, FL, 33134
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 188
- Total Assets: $18.3M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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. |
|---|---|---|---|---|
| 2025 | 188 | $18.3M | $0 | $0 |
| 2024 | 99 | $14.8M | $585,910 | $1.4M |
| 2023 | 96 | $14.5M | $713,608 | $1.4M |
| 2022 | 120 | $13.6M | $844,869 | $2.3M |
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 | Recordkeeper | $72,327 | — | $72,327 |
| GALLAGHER FIDUCIARY ADVISORS, LLC | Investment Advisor | — | $31,442 | $31,442 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $103,769
- Estimated Expense Ratio: 0.566% 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 |
|---|---|---|---|---|---|
| 2025 | $1,619,502 | — | $72,327 | — | — |
| 2024 | $68,793 | — | $68,793 | — | — |
| 2023 | $62,213 | — | $62,213 | — | — |
| 2022 | $66,691 | — | $66,691 | — | — |