Plan Snapshot
- Plan Sponsor: Open Sky Education, INC.
- Sponsor EIN: 205033694
- Sponsor Address: 20935 SWENSON DRIVE, SUITE 101, WAUKESHA, WI, 53186
- Plan Type: 401(k)
- Total Participants: 339
- Total Assets: $8.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 339 | $8.7M | $379,174 | $521,264 |
| 2023 | 379 | $8.1M | $480,446 | $622,270 |
| 2022 | 375 | $6.3M | $482,833 | $615,519 |
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 |
|---|---|---|---|---|
| THE VANGUARD GROUP | Recordkeeper | $52,376 | — | $52,376 |
| MAP RETIREMENT INC | Recordkeeper | $25,686 | — | $25,686 |
| NFP RETIREMENT | Investment Advisor | $23,631 | — | $23,631 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $101,693
- Estimated Expense Ratio: 1.162% 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 | $85,068 | — | $85,068 | — | — |
| 2023 | $34,841 | — | $34,841 | — | — |
| 2022 | $79,700 | — | $79,700 | — | — |