Plan Snapshot
- Plan Sponsor: Cornet Technology, INC
- Sponsor EIN: 621382098
- Sponsor Address: 6800 VERSAR CENTER STE 216, SPRINGFIELD, VA, 221514177
- Plan Type: 401(k)
- Total Participants: 78
- Total Assets: $18.6M
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 | 78 | $18.6M | $833,966 | $741,909 |
| 2023 | 65 | $16.0M | $123,547 | $702,117 |
| 2022 | 66 | $15.7M | $128,765 | $718,042 |
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 |
|---|---|---|---|---|
| KELLY AND COMPANY LLC | Auditor | $16,121 | — | $16,121 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $16,121
- Estimated Expense Ratio: 0.087% 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 | $34,017 | $9,128 | — | $16,121 | — |
| 2023 | $3,491 | — | — | — | — |
| 2022 | $650 | — | — | — | — |