Plan Snapshot
- Plan Sponsor: Om1, INC.
- Sponsor EIN: 810863129
- Sponsor Address: 31 ST. JAMES AVENUE - SUITE 1010, BOSTON, MA, 02196
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 149
- Total Assets: $12.9M
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. |
|---|---|---|---|---|
| 2025 | 149 | $12.9M | $0 | $0 |
| 2024 | 115 | $12.6M | $502,559 | $2.0M |
| 2023 | 148 | $9.9M | $518,623 | $2.2M |
| 2022 | 165 | $7.4M | $0 | $0 |
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 |
|---|---|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH | Other Service Provider | $43,155 | $15 | $43,170 |
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $18,086 | — | $18,086 |
| THE MANDMARBLESTONE GROUP LLC | Recordkeeper | $4,125 | $5,273 | $9,398 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $70,654
- Estimated Expense Ratio: 0.547% 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 |
|---|---|---|---|---|---|
| 2025 | $3,578,955 | — | $57,642 | — | — |
| 2024 | $73,867 | $11,235 | $35,667 | — | — |
| 2023 | $57,170 | $8,471 | $28,371 | — | — |
| 2022 | — | — | — | — | — |