Plan Snapshot
- Plan Sponsor: Planet Depos, LLC
- Sponsor EIN: 263280557
- Sponsor Address: 451 HUNGERFORD DR, ROCKVILLE, MD, 20850
- Plan Type: 401(k)
- Total Participants: 339
- Total Assets: $13.8M
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 | 339 | $13.8M | $700,976 | $1.5M |
| 2023 | 334 | $10.1M | $538,573 | $1.3M |
| 2022 | 310 | $7.1M | $477,289 | $1.0M |
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 |
|---|---|---|---|---|
| GLOBAL RETIREMENT PARTNERS LLC | ADVISOR | $28,961 | — | $28,961 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $22,260 | — | $22,260 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $5,190 | — | $5,190 |
| REHMANN ROBSON, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GLOBAL RETIREMENT PARTNERS LLC — ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $56,411
- Estimated Expense Ratio: 0.407% 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 | $56,411 | $34,151 | — | — | — |
| 2023 | $39,846 | $23,528 | — | — | — |
| 2022 | $28,787 | $782 | — | — | — |