Plan Snapshot
- Plan Sponsor: Omega Systems Consultants, LLC
- Sponsor EIN: 205791145
- Sponsor Address: 1121 SNYDER ROAD, WEST LAWN, PA, 19609
- Plan Type: 401(k)
- Total Participants: 160
- Total Assets: $8.1M
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 | 160 | $8.1M | $458,737 | $943,793 |
| 2023 | 133 | $5.7M | $317,060 | $598,079 |
| 2022 | 90 | $2.4M | $122,071 | $293,720 |
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 | $7,627 | — | $7,627 |
| IFP SECURITIES LLC | Investment Advisor | $5,189 | $1 | $5,190 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $12,817
- Estimated Expense Ratio: 0.159% 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 | $47,815 | $5,189 | $42,626 | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |