Plan Snapshot
- Plan Sponsor: Excet, INC.
- Sponsor EIN: 202633996
- Sponsor Address: 22290 EXPLLORATION DRIVE, LEXINGTON PARK, MD, 20653
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 104
- Total Assets: $21.0M
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. |
|---|---|---|---|---|
| 2023 | 104 | $21.0M | $914,001 | $1.0M |
| 2022 | 90 | $17.3M | $853,736 | $976,538 |
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 | $61,136 | — | $61,136 |
| KAILASA CAPITAL MANAGEMENT LLC | Investment Advisor | — | $27,128 | $27,128 |
| DUNBAR BENDER & ZAPF INC | Recordkeeper | $1,450 | $8,826 | $10,276 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DUNBAR BENDER & ZAPF INC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $98,540
- Estimated Expense Ratio: 0.469% 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 |
|---|---|---|---|---|---|
| 2023 | $62,586 | — | $62,586 | — | — |
| 2022 | $61,077 | — | $61,077 | — | — |