Plan Snapshot
- Plan Sponsor: Orbcomm LLC
- Sponsor EIN: 522310071
- Sponsor Address: 395 W PASSAIC STREET SUITE 325, ROCHELLE PARK, NJ, 07662
- Plan Type: 401(k)
- Total Participants: 215
- Total Assets: $42.0M
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 | 215 | $42.0M | $597,092 | $2.6M |
| 2023 | 293 | $40.3M | $750,920 | $2.7M |
| 2022 | 290 | $33.7M | $540,214 | $2.8M |
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 |
|---|---|---|---|---|
| GRASSI & CO., CPAS P.C | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GRASSI & CO., CPAS P.C — Auditor
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 | $116,282 | $90,724 | — | — | — |
| 2023 | $112,104 | $84,047 | — | — | — |
| 2022 | $117,325 | — | $117,325 | — | — |