Plan Snapshot
- Plan Sponsor: Opensesame, INC.
- Sponsor EIN: 451621241
- Sponsor Address: 1606 HEADWAY CIR, STE 9405, AUSTIN, TX, 78754
- Plan Type: 401(k)
- Total Participants: 217
- Total Assets: $20.7M
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 | 217 | $20.7M | $1.1M | $2.3M |
| 2023 | 210 | $16.0M | $1.2M | $2.5M |
| 2022 | 240 | $10.3M | $1.0M | $2.0M |
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 |
|---|---|---|---|---|
| PINNACLE WEALTH ADVISORS | SERVICE PROVIDER | — | $23,675 | $23,675 |
| FREEDOM FIDUCIARIES, LLC | SERVICE PROVIDER | — | $23,496 | $23,496 |
| INDEPENDENT RETIREMENT | THIRD PARTY ADMINISTRATO | — | $23,107 | $23,107 |
| HOFFMAN STEWART & SCHMIDT PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PINNACLE WEALTH ADVISORS — SERVICE PROVIDER
- FREEDOM FIDUCIARIES, LLC — SERVICE PROVIDER
- HOFFMAN STEWART & SCHMIDT PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $70,278
- Estimated Expense Ratio: 0.340% 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 | $89,274 | — | — | — | — |
| 2023 | $60,470 | — | — | — | — |
| 2022 | $51,843 | — | — | — | — |