Plan Snapshot
- Plan Sponsor: Omnia Partners, LLC
- Sponsor EIN: 352640764
- Sponsor Address: 5001 ASPEN GROVE DR., SUITE 600, FRANKLIN, TN, 37067
- Plan Type: 401(k)
- Total Participants: 351
- Total Assets: $36.8M
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 | 351 | $36.8M | $1.3M | $3.0M |
| 2023 | 313 | $29.7M | $1.1M | $2.6M |
| 2022 | 254 | $22.7M | $900,126 | $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 O | Recordkeeper | $57,982 | — | $57,982 |
| FIFTH THIRD BANK | Investment Advisor | $37,505 | — | $37,505 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $10,276 | — | $10,276 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $105,763
- Estimated Expense Ratio: 0.288% 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 | $105,763 | $47,781 | — | — | — |
| 2023 | $83,818 | $36,584 | — | — | — |
| 2022 | $83,716 | — | $83,716 | — | — |