# Planet Technologies, INC. 401(k) Plan
Source: https://planprovider.pro/companies/planet-technologies-inc-401k-plan

> Planet Technologies, INC.'s 401(k) plan: 371 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Planet Technologies, INC.

- **Sponsor EIN:** 522062401

- **Sponsor Address:** 9801 WASHINGTONIAN BLVD, GAITHERSBURG, MD, 20878

- **Plan Type:** 401(k)

- **Total Participants:** 371

- **Total Assets:** $25.0M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** Yes

- **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|371|$25.0M|$713,285|$3.4M|

| 2023|378|$19.7M|$635,693|$3.0M|

| 2022|337|$13.1M|$542,824|$2.5M|

## 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|

| NEWPORT GROUP, INC.|RECORDKEEPER|$45,725|—|$45,725|

| PNC INSTITUTIONAL ASSET MANAGEMENT|ADVISOR|$26,286|—|$26,286|

| NEWPORT TRUST COMPANY|TRUSTEE|$6,571|—|$6,571|

| FAW, CASSON & CO., LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [FAW, CASSON & CO., LLP](https://planprovider.pro/provider/faw-casson-and-co-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $78,582

- **Estimated Expense Ratio:** 0.314% 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|$78,581|$26,876|$41,719|—|—|

| 2023|$55,355|$18,493|$29,400|—|—|

| 2022|$46,128|$11,066|$33,127|—|$1,935|

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