Plan Snapshot
- Plan Sponsor: Nika Technologies, INC. Dba Nika Architects And Engineers
- Sponsor EIN: 522089785
- Sponsor Address: 2000 TOWER OAKS BLVD, ROCKVILLE, MD, 20852
- Plan Type: 401(k)
- Total Participants: 273
- Total Assets: $12.2M
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 | 273 | $12.2M | $700,650 | $1.2M |
| 2023 | 190 | $9.7M | $408,331 | $947,771 |
| 2022 | 154 | $8.0M | $369,847 | $828,638 |
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 |
|---|---|---|---|---|
| GELMAN, ROSENBERG & FREEDMAN CPAS | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $47,979 | — | $47,479 | — | — |
| 2023 | $41,345 | — | $40,845 | — | — |
| 2022 | $28,649 | — | — | — | — |