Plan Snapshot
- Plan Sponsor: Brightinsight, INC.
- Sponsor EIN: 822242267
- Sponsor Address: 6201 AMERICA CENTER DRIVE, SAN JOSE, CA, 95002
- Plan Type: 401(k)
- Total Participants: 57
- Total Assets: $10.7M
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 | 57 | $10.7M | $402,592 | $1.0M |
| 2023 | 83 | $10.6M | $668,059 | $1.6M |
| 2022 | 138 | $8.2M | $979,184 | $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 |
|---|---|---|---|---|
| COMYNS, SMITH, MCCLEARY, DEAVER LLP | 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 | $57,483 | $2,202 | — | — | — |
| 2023 | $55,091 | $1,850 | — | — | — |
| 2022 | $49,104 | $1,494 | — | — | $8,000 |