Plan Snapshot
- Plan Sponsor: Desktop Labs INC.
- Sponsor EIN: 874655344
- Sponsor Address: 63 3RD AVENUE, BURLINGTON, MA, 01803
- Plan Type: DC
- Total Participants: 265
- Total Assets: $14.2M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 265 | $14.2M | $0 | $648,637 |
| 2023 | 321 | $14.9M | $0 | $841,180 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $49,710 | — | $49,710 |
| CAMBRIDGE INVESTMENT RESEARCH INC | Investment Advisor | — | $14,349 | $14,349 |
| AEGIS RETIREMENT PARTNERS, LLC | Recordkeeper | — | $7,305 | $7,305 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $71,364
- Estimated Expense Ratio: 0.504% 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 | $46,007 | — | $46,007 | — | — |
| 2023 | $44,394 | — | $44,394 | — | — |