Plan Snapshot
- Plan Sponsor: Omitron INC
- Sponsor EIN: 521358217
- Sponsor Address: 7051 MUIRKIRK MEADOWS DR. STE A, BELTSVILLE, MD, 207056342
- Plan Type: 401(k)
- Total Participants: 280
- Total Assets: $67.1M
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 | 280 | $67.1M | $1.3M | $3.6M |
| 2023 | 247 | $54.8M | $1.3M | $3.3M |
| 2022 | 235 | $42.2M | $844,745 | $2.9M |
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 |
|---|---|---|---|---|
| T. ROWE PRICE RPS, INC. | NONE | $5,930 | — | $5,930 |
| SMITH ELLIOTT KEARNS & COMPANY LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SMITH ELLIOTT KEARNS & COMPANY LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $5,930
- Estimated Expense Ratio: 0.009% 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 | $5,930 | — | — | — | — |
| 2023 | $86,817 | — | — | — | — |
| 2022 | $7,180 | — | — | — | — |