Plan Snapshot
- Plan Sponsor: Axelon Services Corporation
- Sponsor EIN: 112447843
- Sponsor Address: 44 WALL STREET, NEW YORK, NY, 10005
- Plan Type: 401(k)
- Total Participants: 635
- Total Assets: $18.2M
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 | 635 | $18.2M | $29,871 | $1.2M |
| 2023 | 278 | $16.5M | $17,740 | $1.1M |
| 2022 | 316 | $13.2M | $30,296 | $1.1M |
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 |
|---|---|---|---|---|
| MCADAM LLC | ADVISOR | $42,009 | — | $42,009 |
| SINGER & FALK, CPAS, P.C. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $42,009
- Estimated Expense Ratio: 0.231% 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 | $35,640 | $42,008 | — | — | — |
| 2023 | $30,243 | $35,245 | — | — | — |
| 2022 | $63,523 | — | — | — | — |