Plan Snapshot
- Plan Sponsor: Opentech Alliance, INC.
- Sponsor EIN: 450521427
- Sponsor Address: 2101 W PEORIA AVE, PHOENIX, AZ, 85029
- Plan Type: 401(k)
- Total Participants: 163
- Total Assets: $4.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 163 | $4.9M | $390,646 | $647,419 |
| 2023 | 124 | $3.8M | $341,182 | $475,072 |
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 |
|---|---|---|---|---|
| ONE WEALTH MANAGEMENT | Investment Advisor | $20,265 | — | $20,265 |
| EMPOWER ANNUITY INSURANCE | Recordkeeper | $9,339 | — | $9,339 |
| ASCENSUS HOLDINGS INC DBA | Other Service Provider | $6,080 | — | $6,080 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $35,684
- Estimated Expense Ratio: 0.723% 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 | $46,312 | — | $46,312 | — | — |
| 2023 | — | — | — | — | — |