Plan Snapshot
- Plan Sponsor: Array Architects, INC.
- Sponsor EIN: 251897431
- Sponsor Address: 1 WEST ELM STREET, CONSHOHOCKEN, PA, 19428
- Plan Type: 401(k)
- Total Participants: 106
- Total Assets: $15.5M
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 | 106 | $15.5M | $262,557 | $940,976 |
| 2023 | 106 | $14.0M | $215,626 | $846,595 |
| 2022 | 89 | $11.1M | $186,111 | $737,387 |
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 |
|---|---|---|---|---|
| LOCKE & WELSH, PC | 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 | $12,332 | — | $12,332 | — | — |
| 2023 | $11,054 | — | $11,054 | — | — |
| 2022 | $11,108 | — | $11,108 | — | — |