# Cornet Technology, INC 401(k) Plan
Source: https://planprovider.pro/companies/cornet-technology-inc-401k-plan

> Cornet Technology, INC's 401(k) plan: 78 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|—|—|

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