Plan Snapshot
- Plan Sponsor: Momentum Telecom, INC.
- Sponsor EIN: 631248402
- Sponsor Address: TWO RAVINIA DRIVE, SUITE 1630, ATLANTA, GA, 30346
- Plan Type: 401(k)
- Total Participants: 459
- Total Assets: $40.3M
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. |
|---|---|---|---|---|
| 2024 | 459 | $40.3M | $1.2M | $2.5M |
| 2023 | 487 | $39.3M | $1.2M | $2.4M |
| 2022 | 435 | $30.9M | $1.1M | $2.2M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $65,580 | — | $65,580 |
| CAPFINANCIAL PARTNERS LLC DBA CAPTR | INVESTMENT ADVISOR | $35,000 | — | $35,000 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $26,087 | — | $26,087 |
| RSM US LLP | AUDITOR | $24,150 | — | $24,150 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $150,817
- Estimated Expense Ratio: 0.374% 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 | $139,027 | $61,087 | — | $24,150 | — |
| 2023 | $118,597 | $50,032 | — | $21,800 | — |
| 2022 | $122,609 | $35,646 | $71,263 | — | $15,700 |