Plan Snapshot
- Plan Sponsor: Open Exchange, INC.
- Sponsor EIN: 264137415
- Sponsor Address: 6 LIBERTY SQUARE, #2272, BOSTON, MA, 02109
- Plan Type: 401(k)
- Total Participants: 102
- Total Assets: $7.1M
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 | 102 | $7.1M | $322,885 | $672,601 |
| 2023 | 109 | $6.6M | $390,235 | $763,435 |
| 2022 | 167 | $6.0M | $658,103 | $1.2M |
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 |
|---|---|---|---|---|
| SONZOGNI, BOTTITTO & COOPER, LLC | 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 | $2,104 | $2,104 | — | — | — |
| 2023 | $5,021 | — | $5,021 | — | — |
| 2022 | $7,126 | — | $7,126 | — | — |