# Axseum, INC. 401(k) Plan
Source: https://planprovider.pro/companies/axseum-inc-401k-plan

> Axseum, INC.&#39;s 401(k) plan: 8 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Axseum, INC.

- **Sponsor EIN:** 541564069

- **Sponsor Address:** 44330 MERCURE CIRCLE, SUITE 130, STERLING, VA, 20166

- **Plan Type:** 401(k)

- **Total Participants:** 8

- **Total Assets:** $11.4M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **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.|

| 2024|8|$11.4M|$0|$72,813|

| 2023|11|$11.3M|$0|$109,540|

| 2022|11|$11.4M|$0|$281,325|

## 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|

| SEIA LLC|INVESTMENT/FINANCIAL ADVI|$33,473|—|$33,473|

| BKD, LLP|ACCOUNTANT|$14,700|—|$14,700|

| ADP, INC.|RECORD KEEPER|$13,545|—|$13,545|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [BKD, LLP](https://planprovider.pro/provider/forvis-mazars-llp) — ACCOUNTANT

- [ADP, INC.](https://planprovider.pro/provider/adp-retirement-services) — RECORD KEEPER

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $61,718

- **Estimated Expense Ratio:** 0.543% 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|$61,718|$33,473|—|$14,700|—|

| 2023|$60,971|$32,674|—|$14,175|—|

| 2022|$69,520|—|—|—|—|

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