Plan Snapshot
- Plan Sponsor: Goddard Systems, INC.
- Sponsor EIN: 260004941
- Sponsor Address: 1016 W. 9TH AVENUE, KING OF PRUSSIA, PA, 19406
- Plan Type: 401(k)
- Total Participants: 192
- Total Assets: $15.0M
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 | 192 | $15.0M | $792,696 | $1.8M |
| 2023 | 194 | $11.8M | $769,971 | $1.7M |
| 2022 | 181 | $7.6M | $307,757 | $524,230 |
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 |
|---|---|---|---|---|
| NEWPORT GROUP, INC. | RECORDKEEPER | $37,039 | — | $37,039 |
| PNC INSTITUTIONAL ASSET MANAGEMENT | ADVISOR | $15,628 | — | $15,628 |
| RSM US LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RSM US LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $52,667
- Estimated Expense Ratio: 0.350% 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 | $56,574 | $30,777 | $17,292 | — | — |
| 2023 | $31,907 | $18,455 | $9,512 | — | — |
| 2022 | $2,487 | — | $2,487 | — | — |