Plan Snapshot
- Plan Sponsor: Axient, LLC
- Sponsor EIN: 631055760
- Sponsor Address: 1100 REDSTONE GATEWAY, HUNTSVILLE, AL, 35808
- Plan Type: 401(k)
- Total Participants: 1,796
- Total Assets: $318.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,796 | $318.8M | $13.8M | $23.2M |
| 2023 | 2,042 | $291.1M | $14.1M | $23.4M |
| 2022 | 1,925 | $236.6M | $14.6M | $22.5M |
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 |
|---|---|---|---|---|
| BMSS, 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 | $277,414 | $226,732 | — | — | — |
| 2023 | $260,380 | $207,975 | — | — | — |
| 2022 | $242,990 | — | — | — | $242,990 |