Plan Snapshot
- Plan Sponsor: Cato Institute
- Sponsor EIN: 237432162
- Sponsor Address: 1000 MASSACHUSETTS AVE NW, WASHINGTON, DC, 20001
- Plan Type: 401(k)
- Total Participants: 203
- Total Assets: $40.3M
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 | 203 | $40.3M | $959,286 | $1.6M |
| 2023 | 187 | $36.9M | $870,028 | $1.4M |
| 2022 | 179 | $30.9M | $857,286 | $1.3M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $52,609 | — | $52,609 |
| KESTRA INVESTMENT SERVICES LLC | BROKER/ADVISER | — | $36,578 | $36,578 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $14,416 | — | $14,416 |
| APRIO, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- APRIO, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $103,603
- Estimated Expense Ratio: 0.257% 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 | $67,025 | $14,416 | — | — | — |
| 2023 | $64,720 | $11,038 | — | — | — |
| 2022 | $68,965 | $12,333 | $56,632 | — | — |